Peachtree selects SS&C Precision LM to automate hotel lending systems
Peachtree Hotel Group and its affiliate Stonehill Strategic Capital have chosen the SS&C Precision LM commercial loan system to improve the scale, efficiency and versatility of Stonehill’s hotel lending business.
Headquartered in Atlanta, Stonehill offers direct financing programmes 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 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 customised financing solutions to borrowers, and attain a competitive advantage in the marketplace,” says 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 top notch operational support services such as fund administration,” says 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 customisable financing solutions.”