For Immediate Release
Chief Financial Officer
Tel: +1- 212-367-4705
Peachtree Hotel Group Selects SS&C Precision LM™ to Automate and Enhance its Hotel Lending Systems
WINDSOR, CT, April 26, 2017 (PR NEWSWIRE) – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Peachtree Hotel Group and its affiliate Stonehill Strategic Capital, LLC “Stonehill”, has chosen SS&C Precision LM™ commercial loan system. Precision LM will improve the scale, efficiency, and versatility of Stonehill’s hotel lending business.
Headquartered in Atlanta, Stonehill offers direct financing programs geared toward the hospitality industry that include bridge loans, permanent loans, mezzanine loans, and preferred equity. Together with its debt originations/investments arm, the company provides creative loan structuring and underwriting. Stonehill is growing its platform and needed a robust, flexible platform that provides automation, controls, and auditability. The company was also seeking better scale and flexibility to easily handle a broad range of complex commercial loan structures.
“To continue growing Stonehill, we needed a system that would allow us to achieve scale, provide customized financing solutions to borrowers, and attain a competitive advantage in the marketplace,” said Greg Friedman, Peachtree Hotel Group’s managing principal and CEO. “We are confident that SS&C is the right strategic partner for our technology initiative. Precision LM will provide our servicing team with the operational efficiencies and strong daily control environment to effectively process and report on our growing loan portfolio.”
Precision LM allows Stonehill to transition from manually-intensive processes to an automated system. Precision LM tracks the full loan lifecycle, produces on-demand management reporting dashboards, and provides access to loan portfolio analytics from any desktop or mobile device. As a result, Stonehill will be able to accelerate the process of taking on new loans and investors.
“SS&C and our Precision LM platform enables clients like Stonehill to effectively track, account for, and report on its loan portfolio while receiving topnotch operational support services such as fund administration,” said Stan Szczepanik, SS&C’s vice president, institutional and investment management. “Our end-to-end, scalable solution will help Stonehill improve responsiveness to its borrowers, decrease the time it takes to close loans, and provide more customizable financing solutions.”
About Peachtree Hotel Group
Peachtree Hotel Group operates, develops and invests in premium-branded, select- and limited-service and extended-stay hotel assets under the Marriott, Hilton, Hyatt, Choice and InterContinental Hotels Group flags. Since its inception, Peachtree has invested in more than $1.2 billion of hotel properties and first mortgage notes. Peachtree's current portfolio is comprised of 68 hotel assets totaling 7,953 rooms, including 32 real estate assets and 36 notes. Through its Stonehill Strategic Capital arm, Peachtree Hotel Group offers direct financing programs geared towards the hospitality industry that include bridge loans, permanent loans, mezzanine loans, and preferred equity. Stonehill Strategic Capital combines creative structuring and thoughtful underwriting to provide timely execution for its customers. Visit www.peachtreehotelgroup.com.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services
and software for the global financial services industry. Founded in 1986, SS&C
is headquartered in Windsor, Connecticut and has offices around the world. Some
11,000 financial services organizations, from the world’s largest institutions
to local firms, manage and account for their investments using SS&C’s
products and services.