Stonehill, a industrial actual property direct lender, introduced that it was ranked because the tenth-largest U.S. industrial actual property resort lender by origination quantity based mostly on the 2021 Mortgage Bankers Affiliation (“MBA”) mortgage origination rankings. In 2021, Stonehill originated $822 million in loans throughout 30 transactions, with a mean transaction measurement of $27.4 million.
“We’re honored to be ranked within the MBA’s main trade checklist,” stated Mat Crosswy, Stonehill’s president and managing principal. “Our top-ten place is a testomony to our dedication to understanding our sponsors’ enterprise plans and engaging in the transactions on their monetary deadlines.
“We’ve a terrific alternative to develop additional because the hospitality trade is in a sustained restoration cycle. Resort homeowners are on the lookout for considerate choices with capital companions that perceive the trade’s nuances, significantly contemplating the influence of the pandemic on resort operators.”
MBA’s annual originations rankings report is a complete set of listings of 149 industrial/multifamily mortgage originators, their 2021 volumes, and their completely different roles.
Stonehill primarily focuses on funding everlasting loans, bridge loans, mezzanine loans, and most well-liked fairness investments backed by limited- and select-service and compact full-service resort property. Since its founding in 2013, Stonehill originated greater than $3.5 billion in loans for hospitality tasks in search of capital to finish acquisitions, recapitalizations, refinancing and renovations. For added info, please go to www.stonehillsc.com.