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Peachtree Lends $12.8M for Gettysburg Hotel Project
financeLodging Magazine··1 min·For: Owner, Investor

Peachtree Lends $12.8M for Gettysburg Hotel Project

Peachtree Group has issued a $12.75 million bridge loan for The Barn Hotel in Gettysburg, Pennsylvania, ahead of a planned $31.2 million permanent financing package. The capital structure will combine USDA Business & Industry and C-PACE loans to complete construction on the 70-room rural resort property.

Key Takeaways

  1. 1Peachtree originated a 12-month, $12.75M interest-only bridge loan to refinance existing debt for The Barn Hotel.
  2. 2A planned $31.2M takeout package includes $25M in USDA B&I loans and $6.2M in C-PACE financing to finish 70 guestrooms.
  3. 3The combined lending strategy targets rural hospitality developments seeking alternatives to conventional construction debt.

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Source: Lodging Magazine

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