WINDSOR, Conn., April 26, 2017 /CNW/ -- 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.
Additional information about SS&C (Nasdaq: SSNC) is
available at www.ssctech.com.
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SOURCE SS&C