Peachtree Group Secures $18 Million Financing for Byways Hotel Portfolio Renovation in Texas Using USDA and C-PACE Programs
💸 In Atlanta, Georgia, Peachtree Group announced $12 million bridge financing and $6 million C-PACE financing for the 78-key Byways Hotel Portfolio in Alpine and Fort Davis, Texas. The portfolio includes Holland Hotel (27 keys, expanding to 28), Hotel Limpia (30 keys), and Maverick Inn (21 keys). USDA lending allows up to 80% loan-to-value with 30-year terms. The renovations aim to preserve 30 jobs and create 25 more, enhancing the local tax base.
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