Atlanta, GA-based Stonehill, a commercial real estate direct lender, completed $1.2 billion in investments for 2022 through loan originations and commercial property assessed clean energy financing (“CPACE”).

The completions were primarily in the hospitality and retail sectors, with $813 million and $163 million in investments completed, respectively. The remaining $269 million was distributed across the industrial, land, mixed-use, multifamily, office and senior living real estate sectors.

“Economic volatility coupled with uncertainty surrounding interest rates has severely decreased overall financing availability with capital providers,” said Mat Crosswy, Stonehill’s president and principal. “However, Stonehill not requiring capital markets execution has allowed it to remain active and to fill the gap in lending supply,”

Stonehill, an affiliate of Peachtree Group, expanded its commercial lending business in 2022 to originate and make investments across all real estate sectors. The group focuses on heavy transitional assets and sectors of the credit market that are traditionally undersupplied.