PIC Group — News

Parkway International Capital Group Funds $17.5 Million Senior Living Refinance

Marvin Fincham / 2025-01-29

Henderson, Nevada. January 24th 2025 Parkway International Capital Group (PIC Group) has successfully closed a $17.5 million refinance loan for a premier senior living development in Henderson, Nevada, demonstrating its expertise in large-scale, customized financing solutions. Why the Borrower Chose PIC Group The borrower, a leading healthcare and senior living developer with over $500 million in completed projects, selected PIC Group for its: * Industry Expertise: Proven success in senior living financing * Efficient Execution: Closing within 20 days * Tailored Solutions: Structuring that delivered cost savings and flexibility Addressing Growing Market Demand The project, a 150-unit senior living community with independent living, assisted living, and memory care services, meets rising demand in Henderson, where the senior population continues to grow. This aligns with a projected 44% increase in demand for senior housing by 2030 (NIC data). Financial Highlights * Loan Amount: $17.5 million * Loan Term: 36 Months, up to 5 years amortization * Interest Rate: Fixed at 8.98% * Loan-to-Value (LTV): 75%, ensuring liquidity and equity balance The refinance reduced the borrower’s annual debt service by $450,000 and provided capital for future projects. About Parkway International Capital Group PIC Group specializes in innovative commercial financing for high-value projects, partnering with clients to deliver tailored solutions and exceptional results. https://finance.yahoo.com/news/parkway-international-capital-group-funds-212500374.html

Parkway International Capital Group Kicks Off 2025 with $12.3 Million Refinance for Charleston Boutique Hotel

Marvin Fincham / 2025-01-17

Parkway International Capital Group Kicks Off 2025 with $12.3 Million Refinance for Charleston Boutique Hotel Charleston, SC – January 17, 2025 – Parkway International Capital Group (PIC Group) is pleased to announce the successful closing of a $12.3 million refinance loan for a historic boutique hotel in Charleston, South Carolina. This transaction marks PIC Group’s first deal of the year, setting the stage for another strong year of strategic financing solutions for real estate investors and developers. Supporting Growth in One of America’s Top Travel Destinations The borrower, is a well-established boutique hotel operator with a track record of successfully restoring and managing heritage properties across the Southeast. With Charleston experiencing record-high tourism and occupancy rates, the borrower sought a refinance solution to reduce debt costs and fund property enhancements. 🏨 52-room luxury boutique hotel housed in a restored 19th-century landmark 🛎️ Planned upgrades, including modernized guest suites, sustainability enhancements, and expanded amenities 📍 Prime location in Charleston’s historic district, a top-ranked U.S. travel destination 💰 Refinancing structured to optimize cash flow and unlock capital for future investments “Charleston remains one of the most sought-after destinations in the country, and this financing ensures our borrower can continue delivering an elevated guest experience while optimizing financial performance,” said Jonathan Lockard, VP Originations of Parkway International Capital Group. “We are proud to start the year by providing a tailored financing solution that supports both operational flexibility and long-term success.” Strategic Loan Terms for Long-Term Growth PIC Group structured this refinance package to lower the borrower’s debt service while freeing up capital for reinvestment: 💰 Loan Amount: $12,300,000 📆 Loan Term: 48 months, interest-only 📈 Interest Rate: Fixed at 8.75% 🏦 Loan-to-Value (LTV): 70% 🔄 $2 Million Cash-Out Component allocated for property renovations and operational enhancements “This financing not only lowers our borrower’s annual debt obligations but also allows them to strategically reinvest in the property,” added Jonathan. “With the hospitality sector in Charleston seeing continued strength, this loan positions the hotel for sustained growth and profitability.” New Year, New Momentum: Faster Deals, Greater Capital Access As PIC Group’s first transaction of 2025, this deal reflects the firm’s ongoing commitment to helping developers, operators, and investors thrive in today’s market. To enhance efficiency and capital deployment this year, PIC Group has: ✅ Expanded its investor network, ensuring faster approvals and greater funding flexibility ✅ Streamlined underwriting and closing processes, allowing for quicker turnaround times ✅ Increased capital availability for multifamily, hospitality, industrial, and mixed-use projects Looking Ahead: More Deals on the Horizon With a strong pipeline for 2025, Parkway International Capital Group remains a trusted capital partner for real estate investors seeking customized financing solutions. About Parkway International Capital Group Parkway International Capital Group (PIC Group) is a leading private commercial lending firm, specializing in tailored financing solutions for real estate developers and investors. With a focus on efficiency, innovation, and strategic capital deployment, PIC Group partners with clients to bring high-value real estate projects to life.

Parkway International Capital Group (PIC Group) Announces Successful Closing of $7.5M Loan for Multi-Story Self-Storage Facility in Prime Location

Kenneth Tillman jr. / 2024-12-13

Sarasota-Cape Coral, Florida – Parkway International Capital Group (PIC Group), a leading private commercial lending firm, is pleased to announce the successful closing of a $7.5M loan for the financing of a state-of-the-art, multi-story self-storage facility. This strategic development, led by a prominent real estate development firm, will bring much-needed storage solutions to the growing community of Sarasota-Cape Coral, Florida. Located in a highly accessible and rapidly expanding area, the new facility will span over 50,000 square feet and feature modern architectural designs that seamlessly blend with the surrounding commercial and residential landscape. The project will include climate-controlled storage units, secure access technology, and energy-efficient infrastructure, ensuring both sustainability and safety. Additionally, the development will enhance the community with improved accessibility to premium storage solutions for both residential and business clients. “We are thrilled to support this transformative project that will not only fulfill a growing demand for self-storage but also contribute to the broader economic development of the area,” said Alexander Hoffman, VP Originations of PIC Group. “Our expertise in structuring tailored financing solutions has enabled our borrower to bring their vision to life, and we look forward to seeing the positive impact this project will have on the community.” The real estate development firm behind the project expressed satisfaction with the deal, emphasizing the importance of this facility in providing flexible and secure storage options to residents and businesses. “This facility will serve as a vital resource for our community, offering high-quality storage solutions that cater to a diverse range of needs,” said Daniel Reynolds, CEO of Sunrise Property Ventures. “We appreciate the collaboration with PIC Group in making this vision a reality.” PIC Group is a direct lender offering nationwide financing solutions for real estate projects. We specialize in loans ranging from $5 million to $100 million and can typically close transactions within 15 to 25 business days. PIC Group partners with real estate owners and mortgage brokers throughout the country. Since our inception, we have successfully originated close to $500 million in loans. Our corporate office is located at 1545 River Park Dr Sacramento, CA 95815

Parkway International Capital Group (PIC Group) closes a $9.42 million business acquisition and term loan

Quincy Rowe / 2024-06-14

Parkway International Capital Group (PIC Group), a leader in commercial financing, has closed a $9.42 million business acquisition and term loan for a client expanding their operations. This transaction allowed the client to acquire a division of a manufacturing company while also refinancing existing equity and term debt. PIC Group played a critical role in securing financing for both the acquisition and the refinancing of all term debt through a community bank, achieving a competitive fixed rate. The funding enabled the client to streamline debt and expand their business structure under favorable terms. Key to the transaction was the expertise of Alexander Hoffman of iCapital Options, who guided the process to meet the seller’s deadline, completing both deals within 30 days. Hoffman highlighted PIC Group’s client-focused approach, noting, "This achievement reflects our commitment to delivering custom solutions that meet our clients' unique needs, especially under tight timelines."

Parkway International Capital Group Closes $9MM Bridge Loan for Healthcare Facility Development

Kenneth Tillman jr. / 2024-04-12

Parkway International Capital Group (dba PIC Group), formerly known as iCapital Options, has successfully closed a $9 million bridge loan for a healthcare facility development project in Newport. This landmark transaction, initiated by Living Capital, highlights PIC Group's commitment to providing innovative financial solutions in the healthcare sector. Living Capital, a trusted partner, approached PIC Group to secure essential capital for their clients' healthcare facility development project. Recognizing the urgency of the deal, PIC Group swiftly responded to facilitate bridge finance of up to $9 million. David Wayne, President of PIC Group, expressed his satisfaction with the collaboration, stating, "The PIC Group team is delighted to collaborate with Living Capital for the first time and to successfully close this deal on short notice." This partnership underscores the effectiveness of cooperation and PIC Group's ability to meet clients' financial needs promptly. The borrower urgently required a bridge loan to refinance existing obligations. PIC Group structured the deal with a 24-month amortization schedule to accommodate the borrower's requirements. Despite the tight timeline of 14 days, PIC Group demonstrated its commitment to client satisfaction by achieving a seamless and timely closure.

iCapital Options Facilitates $26.6MM in Bridge Loans

Kenneth Tillman jr. / 2024-03-19

iCapital Options, a private lending firm, recently closed two bridge loan transactions totaling $26.6 million, aiding the acquisition and expansion of self-storage and multifamily properties. The first loan, valued at $14.6 million, fueled the acquisition and enhancement of a New York-based facility, featuring 79,000 net rentable square feet of storage space, with an additional 7,000 square foot expansion financed through the new loan. This non-recourse bridge loan, comprising $13.8 million initial funding supplemented by $800,000 for future needs, boasts favorable terms including interest-only payments over a three-year term, floating rates, extension options, and prepayment flexibility. The second transaction, valued at $12 million, underscores iCapital Options' commitment to client-centric solutions. Alexander Hoffman's leadership proved instrumental as the company navigated a challenging scenario, ensuring success despite unforeseen obstacles. Reflecting on the deals' closure, Alexander Hoffman emphasized iCapital Option’s dedication to understanding clients' needs and delivering timely financial solutions. "The completion of these deals showcases our steadfast commitment to supporting clients, particularly in critical situations," said Alexander Hoffman. "We pride ourselves on comprehending client requirements and delivering effective financial solutions, regardless of challenges."

iCapital Options Closes $12.3MM Loan for Multifamily Project

Alexander Hoffman / 2024-02-13

iCapital Options, a direct private lender based in Sacramento, closed a $12,300,000 loan. This funding is designated for the acquisition and rejuvenation of a multifamily development situated in Raleigh, North Carolina. The $12,300,000 million bridge loan, structured as an interest-only arrangement, spans a three-year term, supplemented by two optional six-month extensions. This strategic framework empowers the borrower to execute the acquisition and renovation plans seamlessly. Concurrently, iCapital is committed to facilitating the transition to a favorable, fixed-rate permanent loan. Notable project highlights include the reactivation of six previously offline units, renovation efforts targeting an additional 50 units, comprehensive addressing of deferred maintenance issues, and an aesthetic enhancement to the property's overall curb appeal. Interior unit upgrades encompass a spectrum of improvements such as wood plank flooring installation, modernized countertops and fixtures, the incorporation of new appliance and lighting packages, and a facelift for existing cabinets.

iCapital Options closes $9,700,000 Bridge Loan, Setting a New Standard for Efficiency

Alexander Hoffman / 2024-01-15

iCapital Options, a direct private lender based in Sacramento, funded a $9,700,000 bridge loan to facilitate the refinancing of a portfolio comprising three commercial properties located in Nashville, Tennessee. This diverse portfolio encompasses a hotel, a restaurant, and two office buildings. Facing a challenging deadline with the Sponsor's previous loan maturing within 9 days and unsuccessful attempts at conventional refinancing, iCapital Options swiftly responded to the urgent need. Mason Simmons, Chief Financial Officer of iCapital Options, stated, "The Sponsor sought maximum flexibility concerning deed releases in the event of portfolio segments being sold. Within a 48-hour timeframe from the initial request, iCapital Options provided a comprehensive term sheet, showcasing our team's demonstrated proficiency in swiftly closing complex loan transactions." Dedicated to meeting the 9-day window before the Sponsor's existing loan matured, iCapital Options demonstrated adeptness in handling complex scenarios, a tight timeline, and devising creative solutions. The successful loan closure not only adhered to the required timeframe but also provided the Sponsor with the essential capital to realize property improvement plans for the two office buildings and address all pertinent business needs. The loan terms feature a competitive 9.5% interest rate and 2 points over a 48-month term, with a loan-to-value ratio of 80%. An exception was made for the higher loan-to-value ratio considering a prior relationship one of our firm's principals had with the Borrower, underlining our confidence in their ability to deliver. iCapital Options remains committed to delivering exceptional financial solutions, combining efficiency with personalized attention to meet the unique needs of our clients. Contact Information: Alexander Hoffman 1545 River Park Dr, Sacramento, CA 95815 (916) 836-1771 Info@iCapital-Options.com https://iCapital-Options.com

iCapital Options Achieves Milestone with Successful Closure of 23 Transactions.

Cindy Dalton / 2023-12-20

iCapital Option, a Sacramento-based lender, is pleased to highlight the completion of 23 successful transactions throughout the year. These loans, strategically secured by commercial real estate, span prominent locations such as California, Texas, New York, Florida, Pennsylvania, and North Carolina. Distinguished for our ability to customize each loan to the unique requirements of our clients, iCapital Options consistently delivers innovative solutions, overcoming challenges often encountered with traditional banks and lenders. Our approach, characterized by an open-door policy and a commitment to execution certainty, resonates strongly with brokers and borrowers alike. Our recent achievement is the closure of a $19 million construction loan for a 72-unit multifamily project situated in Tallahassee, FL. With an average unit size of 881 square feet, the development also integrates 16,339 square feet of retail space, underscoring our dedication to facilitating diverse and impactful real estate ventures. As we conclude this successful year, we eagerly anticipate contributing to the continued success of our clients in the coming year.

iCapital Options closes a $21.6 Million Bridge Loan

Alexander Hoffman / 2023-12-04

iCapital Options announces the successful closure of a $21.6 million proprietary bridge loan dedicated to the acquisition and renovation of a 208-unit, one- and two-bedroom garden-style apartment community in Dallas, TX. The sponsor, a recurring client of iCapital Options, will be integrating the newly acquired Dallas site into its extensive portfolio, spanning multifamily projects across Florida, California, New Mexico, and Washington. The financing process was tailored to meet the urgency for a swift closing. Remarkably, this transaction effectively satisfied our client’s 1031 exchange requirements while encompassing 100% of the Capital Expenditure (CapEx) costs essential for the property enhancements. Currently boasting an 87% occupancy rate, the strategic improvements will further elevate the property's quality. Key features of the loan include a three-year term and a dedicated $2.6 million allocated for planned capital improvements at the property. This comprehensive strategy encompasses a premium upgrade for 19 units, introducing new kitchen cabinets, appliances, flooring, and lighting fixtures. Additional enhancements involve the remodeling of the clubhouse, renovation of the fitness center, installation of new lighting packages, HVAC replacements, and security upgrades. iCapital Options remains steadfast in its mission to empower individuals and businesses by providing the capital necessary to transform dreams into reality. Whether you're a real estate investor eyeing a new property or an entrepreneur aspiring to expand your business, iCapital Options stands ready to offer the financial support essential for achieving your objectives. More than a lender, we are your financial partner dedicated to realizing your real estate and business aspirations. With an unwavering commitment to your success, we present a diverse array of funding options tailored to meet your unique needs and goals. Contact Information: Alexander Hoffman 1545 River Park Dr, Sacramento, CA 95815 (916) 836-1771 Info@iCapital-Options.com https://iCapital-Options.com