Carlisle Corp Secures $51 Million Refinance Loan From Peachtree Group For Two Memphis Hotels

The transaction involves two Hyatt-branded hotels located at 33 Beale Street and 245 South Front Street in Downtown Memphis, Tennessee. The asset type is classified as a hotel, with a total of 363 keys comprising a 227-room Hyatt Centric and a 136-key Caption by Hyatt. The loan amount secured for refinancing these properties is $51 million, facilitated by Peachtree Group.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $51,000,000
• Market: Memphis, TN
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Carlisle Corp
• Brokers: Brittney Rowe, Graham Gilreath, Nick Harb, Stephen Brink - Bellwether Enterprise (BWE)
• Loan Type: Refinance
• Keys: 363

Bellwether Enterprise (BWE) was responsible for arranging the three-year, floating-rate financing for this transaction. The financing was notably influenced by the hotels' strategic location on Beale Street and the commitment of Carlisle Corp to the local market.