Peachtree was lately ranked because the tenth largest U.S. industrial actual property lodge lender, its third consecutive 12 months within the high ten, by the Mortgage Bankers Affiliation (“MBA”) 2023 mortgage origination rankings.
ATLANTA – Peachtree Group introduced the elevation of three senior executives, increasing their roles to strengthen the agency’s government management crew. The promotions embody Michael Harper to President of Resort Lending, Jared Schlosser to Government Vice President of Resort Lending and Head of CPACE and Michael Ritz to Government Vice President of Investments.
“These appointments underscore Peachtree’s dedication to its core progress initiatives in lodge lending, in addition to fostering expertise from inside our personal ranks, with an eye fixed towards additional diversifying its allocation methods because it faucets into new funding alternatives,” stated Greg Friedman, Peachtree’s CEO and managing principal.
Jared Schlosser, Government Vice President of Resort Lending.
Since becoming a member of Peachtree in 2014, Harper has distinguished himself by way of a succession of management roles, directing the corporate’s credit score enterprise, notably in mortgage originations and strategic acquisition of credit score portfolios. Since becoming a member of, he has led the crew by way of over 500 investments totaling over $6 billion. As president, he’s liable for everything of Peachtree’s credit score platform for motels, guiding all sides of the credit score enterprise.
Schlosser’s promotion to government vice chairman of lodge lending and head of CPACE displays his distinctive efficiency and intensive data of the lodge mortgage origination processes and the agency’s Industrial Property Assessed Clear Power (CPACE) program. His important contributions since becoming a member of the agency in 2019 have been essential in advancing Peachtree’s CPACE program, which now exceeds $800 million in transactions and has turn into one of many largest within the U.S. Moreover, since taking up lodge originations in the beginning of 2022, Peachtree has accomplished greater than $1.5 billion in lodge loans, additional demonstrating his experience and effectiveness in these twin roles.
Michael Ritz, Government Vice President of Investments.
Ritz has been elevated to the place of government vice chairman of investments and can oversee Peachtree’s credit score and fairness investments throughout industrial actual property and different ventures. He joined Peachtree in 2017, and his promotion acknowledges his experience in efficiently managing and rising a portfolio of investments that’s now approaching $10 billion in transaction asset worth.
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