Smith Hill Capital

Overview

Smith Hill Capital is a commercial real estate debt investment management firm based in New York City. As part of the Procaccianti Companies, established in 1958, Smith Hill Capital specializes in providing financing solutions for hospitality and multifamily investments. The firm focuses on first mortgage lending, mezzanine lending, and preferred equity investments, aiming to unlock value within commercial real estate debt markets. The firm's investment strategy is centered on identifying compelling opportunities in the real estate sector, particularly in the hospitality and multifamily segments. By leveraging over six decades of expertise, Smith Hill Capital navigates market dislocations and liquidity constraints to deliver reliable financing solutions. Their approach combines institutional-grade private credit platforms with a deep understanding of the real estate capital structure, spanning from securities to equity ownership. Smith Hill Capital has demonstrated its commitment to the hospitality sector through significant partnerships and financing initiatives. Notably, in October 2023, the firm, in collaboration with Bain Capital, launched a $1 billion private lending platform dedicated to serving the hospitality sector. This joint venture aims to deploy substantial capital over several years, focusing on new loan originations and debt refinancing within primary and secondary markets across the United States. The partnership underscores Smith Hill Capital's dedication to providing flexible financing solutions to high-performing, growth-oriented hospitality borrowers. In addition to its strategic partnerships, Smith Hill Capital has been involved in notable financing transactions. For instance, in April 2024, the firm, alongside Bain Capital, announced a $111 million financing for a four-property hotel portfolio. This portfolio included properties such as the Marriott Bridgewater in Bridgewater, NJ, W Atlanta Downtown in Atlanta, GA, Embassy Suites Walnut Creek in Walnut Creek, CA, and Embassy Suites Flagstaff in Flagstaff, AZ. These transactions highlight Smith Hill Capital's active role in facilitating significant investments within the hospitality sector. Overall, Smith Hill Capital's investment philosophy is rooted in its extensive experience and commitment to delivering value through strategic real estate debt investments. The firm's focus on the hospitality and multifamily sectors, combined with its proactive approach to market opportunities, positions it as a key player in the commercial real estate debt investment landscape.