Pineapple Capital Group

04/06/2026

Honored and Humbled — Pineapple Capital Group is proud to be on the cover of Asian Hospitality Magazine.

We extend our deepest gratitude to Dave Shah for his outstanding leadership and vision — his dedication continues to elevate Pineapple Capital Group and inspire all who have the privilege of working alongside him.

At PCG, we remain steadfast in our commitment to delivering exceptional service in commercial lending, with a specialized focus on Hospitality — a distinctive asset class that demands precision, expertise, and meticulous attention at every stage of the loan process.

From origination to closing, our team brings unparalleled dedication to each transaction, ensuring our clients' lending needs are met with efficiency and the utmost care.

With over 200 successfully closed transactions and more than $1 Billion in debt and equity arranged, PCG has established itself as a trusted leader in hospitality finance.

To our valued partners and clients — your continued trust is the foundation of everything we do, and we are truly grateful for the confidence you place in us.
Link: https://subscribe.amg.biz/asian_hospitality/march-2026/

AAHOA American Hotel & Lodging Association - AHLA Pineapple Hospitality

04/03/2026

HOTEL LOAN CLOSED!
Days Inn & Suites by Wyndham in Fayetteville, North Carolina.

Final Terms Secured:
✅ SBA 7(a) – 80% LTV
✅ WSJP + 1.00% (Quarterly Adjusting Variable Rate)
✅ 119 Keys – 3-Floor Interior & Exterior Wyndham-Flagged Asset
✅ 25-Year Amortization
✅ 3-Year Prepayment (5% / 3% / 1%)

PCG executed a competitive loan marketing process, leveraging our national lender network to successfully source and close acquisition financing for the 119-key Days Inn & Suites by Wyndham Fort Bragg/Cross Creek Mall in Fayetteville, North Carolina.

Through diligent underwriting, strategic lender negotiations, and close coordination with brokers, attorneys, appraisers, franchise representatives, and title professionals, PCG secured superior financing terms that maximized leverage and minimized upfront costs for the sponsor — delivering a seamless closing on a strong, high-demand corridor asset anchored by one of the largest U.S. Army installations in the country.

Key Nearby Demand Drivers:
📌 Fort Bragg — one of the largest U.S. Army installations in the country
📌 Cross Creek Mall & Skibo Rd Retail Corridor
📌 Cape Fear Valley Medical Center
📌 Fayetteville Regional Airport
📌 Corporate & Government Contractor Demand
📌 I-95 & US-401 Transportation Access

COMMERCIAL REAL ESTATE LOANS


Bisnow AAHOA American Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality Hotel Business Owners Asian Hospitality

🔹SBA 7(a) | 🔹SBA 504 | 🔹Conventional | 🔹CMBS | 🔹Credit Unions | 🔹Bridge | 🔹USDA | 🔹CPACE

02/24/2026

Holiday Inn Express by IHG in Florida.

Pineapple Capital Group successfully closed SBA 7(a) acquisition financing for the 77-key Holiday Inn Express located in Apopka, Florida.

Final Terms Secured:
✅ SBA 7(a) – 80% LTV
✅ WSJP + 1.00% (Quarterly Adjusting Variable Rate)
✅ $10.9MM+ Total Project Cost
✅ 77 Keys – Flagged Select-Service Asset
✅ 1031 Exchange

PCG presented multiple financing options, including fixed-rate alternatives. After evaluating leverage, flexibility, and 1031 exchange requirements, the client selected the SBA 7(a) structure as the superior ex*****on for this transaction. Leveraging our national lender network, PCG secured loan terms featuring a 25-basis-point rate reduction, outperforming competing brokerage proposals and delivering meaningful monthly mortgage savings for the sponsor

Through disciplined underwriting, strategic lender negotiations, and coordinated ex*****on, PCG delivered a financing solution that preserved 1031 benefits while optimizing long-term capital efficiency.

Key Nearby Demand Drivers:
📌 Orlando MSA Growth Corridor
📌 SR-429 & Central Florida Transportation Access
📌 AdventHealth Apopka
📌 Corporate & Distribution Employers
📌 Orlando Tourism & Spillover Demand

Hospitality Capital Advisors
🔹 SBA 7(a) | 🔹 SBA 504 | 🔹 Conventional | 🔹 CMBS
🔹 Credit Unions | 🔹 Bridge | 🔹 USDA


Bisnow AAHOA American Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality Hotel Business Owners Holiday Inn Express IHG One Rewards IHG Hotels & Resorts

02/19/2026

Hampton Inn by Hilton – Georgia

Pineapple Capital Group achieved CMBS refinance with cash-out ex*****on at 57% LTV on $22MM total project cost, optimizing leverage for the 97-key Hampton Inn by Hilton in Albany, GA.

Final Terms Secured:
✅ CMBS – Institutional Debt
✅ 6.15% Fixed (5-Year Treasury Based)
✅ 5 Years Interest-Only (I/O)
✅ Premium Cash-Out
✅ Capped Legal Fees

This transaction continues to highlights PCG’s ability to secure versatile institutional-grade capital markets financing for stabilized, premium-branded hospitality assets. By structuring a $4.5MM+ premium cash-out, we enhanced sponsor liquidity while maintaining long-term ownership stability.

Key Nearby Demand Drivers:
📌 Phoebe Putney Memorial Hospital
📌 Marine Corps Logistics Base Albany
📌 Albany State University
📌 Regional Corporate & Industrial Employers
📌 Dawson Road Commercial Corridor

Hospitality Capital Advisors
🔹 SBA 7(a) | 🔹 SBA 504 | 🔹 Conventional | 🔹 CMBS
🔹 Credit Unions | 🔹 Bridge | 🔹 USDA



Bisnow AAHOA American Hotel & Lodging Association - AHLA CoStar Pineapple Capital Group Pineapple Hospitality

02/12/2026

Holiday Inn Express by IHG – Arizona.

Pineapple Capital Group is pleased to announce the successful loan closing of the Holiday Inn Express located in Show Low, Arizona.

Final Loan Terms Secured:
✅ Loan Structure: SBA 7(a)
✅ WSJP + 1.00% Variable Rate ~7.75% (Variable QTRLY Adjusting)*
✅ 3-Year Prepayment Period
✅ 25-Year Amortization
✅ Flagged Select-Service Hotel Asset
✅ 1031 Exchange Timeline Met

This transaction was completed as part of a 1031 exchange, where ex*****on, timing, and capital efficiency were critical. Pineapple Capital Group worked closely with the client to evaluate multiple acquisition opportunities, ultimately identifying the asset that delivered the highest risk-adjusted return and long-term ROI.

In addition, PCG took a strategic and creative approach to structuring the exchange—allowing a portion of the overfunded 1031 proceeds to be utilized as working capital. This structure reduced the client’s equity injection while providing liquidity for future operations and growth, enhancing the overall investment outcome.

Through disciplined underwriting, lender coordination, and thoughtful structuring, PCG ensured the transaction met strict 1031 timelines while securing permanent financing aligned with the client’s broader portfolio strategy.

Key Nearby Demand Drivers:
📌 Show Low Regional Airport
📌 White Mountains Tourism & Seasonal Demand
📌 Regional Medical Centers & Healthcare Traffic
📌 Government, Education & Local Business Activity
📌 Outdoor Recreation & Leisure Travel Corridor



Bisnow AAHOA American Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality Hotel Business Owners

Hospitality Capital Advisors
🔹 SBA 7(a) | 🔹 SBA 504 | 🔹 Conventional | 🔹 CMBS
🔹 Credit Unions | 🔹 Bridge | 🔹 USDA

02/09/2026

Pineapple Capital Group Insight: Stronger Business Loan Demand Signals New Financing Opportunities in 2026. We are Ready to Connect You to the Right Business Financing.

https://www.reuters.com/business/finance/us-banks-expect-stronger-loan-demand-2026-fed-survey-shows-2026-02-02/

U.S. Bank

Banks expect demand for business loans across all categories to strengthen this year after improving last quarter, a Federal Reserve survey showed on Monday, with most lenders saying they expect lower interest rates and higher spending or investment needs will drive that trend.

02/03/2026

Baymont Inn & Suites by Wyndham – Georgia
Pineapple Capital Group is pleased to announce the successful loan closing of the Baymont Inn & Suites by Wyndham located in Savannah GA.

This transaction involved a complex lease-to-purchase structure with a maturing seller note while the asset remained operational. Despite a period of declining performance, Pineapple Capital Group worked closely with the buyer through monthly and YoY financial updates to restore lender confidence, normalize underwriting, and ultimately secure permanent financing.

Final Loan Terms Secured:
✅ 85% Loan-to-Value (LTV)
✅ Prime + 1.00% Variable Rate
✅ 3-Year Prepayment Period
✅ 25-Year Amortization
✅ 119 Keys

Key Nearby Demand Drivers:
📌 Savannah/Hilton Head International Airport (SAV)
📌 I-95 & I-16 Transportation Corridors
📌 Historic Downtown Savannah & River Street
📌 Savannah Midtown Shopping & Dining District
📌 Corporate & Business Campuses
📌 Military & Government Installations
📌 Regional Medical & Educational Demand

Hospitality Capital Advisors
🔹 SBA 7(a) | 🔹 SBA 504 | 🔹 Conventional | 🔹 CMBS
🔹 Credit Unions | 🔹 Bridge | 🔹 USDA

Bisnow AAHOA American Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality Hotel Business Owners

01/15/2026

Suburban – Oklahoma City, OK
Pineapple Capital Group is pleased to announce the successful loan closing of the Suburban extended-stay hotel

This transaction involved a complex repositioning scenario, where the asset was originally purchased all-cash from an institutional seller. During institutional ownership, the property’s financial performance deteriorated and was subsequently leased to a local operator. PCG worked closely with the buyer to re-establish lender confidence, normalize underwriting, and ultimately equip the operator with permanent financing.

Final Loan Terms Secured:
✅ 80% Loan-to-Value (LTV)
✅ Prime + 1.00% Variable Rate
✅ 3-Year Prepayment Period
✅ 25-Year Amortization
✅ 101 Keys – Midscale Extended-Stay Asset Class
✅ 10% Seller note

Through thoughtful structuring, lender coordination, and realistic underwriting, PCG delivered a financing solution tailored to a non-traditional ownership and operating profile, supporting long-term stabilization and growth.

Key Nearby Demand Drivers:
📌 Will Rogers World Airport
📌 I-40 & I-44 Transportation Corridors
📌 Downtown Oklahoma City & Bricktown
📌 Regional Medical & Corporate Campuses
📌 Consistent Extended-Stay Demand Drivers

Hospitality Capital Advisors
🔹 SBA 7(a) | 🔹 SBA 504 | 🔹 Conventional | 🔹 CMBS
🔹 Credit Unions | 🔹 Bridge | 🔹 USDA


Bisnow AAHOA American Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality Hotel Business Owners

12/23/2025

Days Inn by Wyndham – Harriman, Tennessee

Pineapple Capital Group is pleased to announce the successful financing for the acquisition of a 50-room hotel, located in Harriman, Tennessee.

This transaction reflects PCG’s continued focus on delivering practical, lender-aligned capital solutions for small-to-mid-size hospitality assets, where disciplined underwriting and efficient ex*****on are critical to closing.

Final Loan Terms Secured:
✅ 80% Loan-to-Value (LTV)
✅ Prime + 1.00% Variable Rate
✅ 3-Year Prepayment Period
✅ 25-Year Amortization
✅ 50 Keys – Economy / Select-Service Asset Class

Through thoughtful structuring and close lender coordination, PCG delivered a financing solution aligned with the borrower’s operational profile and long-term ownership objectives.

Key Nearby Demand Drivers:
📌 I-40 Corridor Traffic
📌 Oak Ridge National Laboratory Proximity
📌 Regional Industrial & Manufacturing Employers
📌 Knoxville Metro Spillover Demand
📌 Outdoor & Recreational Tourism in East Tennessee

Hospitality Capital Advisors
🔹 SBA 7(a) | 🔹 SBA 504 | 🔹 Conventional | 🔹 CMBS
🔹 Credit Unions | 🔹 Bridge | 🔹 USDA


Bisnow American Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality Hotel Business Owners

12/16/2025

Quality Inn by – Panhandle Florida
Pineapple Capital Group is pleased to announce the successful financing of the 40-room Quality Inn by Choice, located in Panhandle Florida. This transaction reflects PCG’s continued focus on delivering practical, lender-aligned capital solutions for small-to-mid-size flagged hotel assets, where disciplined underwriting and ex*****on are critical.

Final Loan Terms Secured:
✅ 80% Loan-to-Value (LTV)
✅ Prime + 1.00% Variable Rate
✅ 3-Year Prepayment Period
✅ 25-Year Amortization
✅ 40 Keys – Economy / Select-Service Asset Class

Through thoughtful structuring and lender coordination, PCG delivered a financing solution aligned with the borrower’s operational profile and long-term ownership objectives.

Key Nearby Demand Drivers:
📌 Tallahassee Metro Spillover Demand
📌 State & Regional Government Travel
📌 Major Highway & Regional Commuter Traffic
📌 Local Manufacturing & Distribution Employers
📌 Panhandle Florida Business & Civic Activity

Hospitality Capital Advisors
🔹 SBA 7(a) | 🔹 SBA 504 | 🔹 Conventional | 🔹 CMBS
🔹 Credit Unions | 🔹 Bridge | 🔹 USDA

Bisnow AAHOAAmerican Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality

11/27/2025

TownePlace Suites by Marriott – McKinney, Texas

Pineapple Capital Group is pleased to announce the successful SBA 7(a) acquisition financing of the 88-key TownePlace Suites by Marriott, located in McKinney, Texas—one of the fastest-growing and most dynamic submarkets in the Dallas–Fort Worth Metroplex.

Final Loan Terms Secured:

✅ Loan Structure: SBA 7(a)
✅ Rate: Prime + 1.00% – Variable, Quarterly Adjusting
✅ Prepayment: 5% / 3% / 1% Declining Prepay Structure
✅ Amortization: 25 Years
✅ Leverage: 80%+ — Aggressively Levered
✅ 88 Keys – Extended-Stay Asset Class
✅ Structured Partnership With Equity
Expert Structuring & Negotiation

PCG played a pivotal role in structuring the partnership and equity framework required for SBA eligibility, while managing the expectations of both buyer and seller throughout the process.

Through thoughtful negotiation, clear communication, and creative financial design, PCG ensured the transaction remained aligned with SBA guidelines and closed smoothly.
Key Nearby Demand Drivers:

📌 Collin College – Central Park Campus
📌 Medical City McKinney
📌 Raytheon, Encore Wire & Major Corporate Parks
📌 Historic Downtown McKinney
📌 US-75 / SH-121 / SH-380 High-Growth Corridor
Hospitality Capital Advisors

🔹 SBA 7(a) | 🔹 SBA 504 | 🔹 Conventional | 🔹 CMBS
🔹 Credit Unions | 🔹 Bridge | 🔹 USDA


Bisnow AAHOA American Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality

11/20/2025

Sonesta ES Suites – Alpharetta Atlanta Georgia.

Pineapple Capital Group is pleased to announce the successful SBA 7(a) acquisition financing of the 103-key Sonesta ES Suites Atlanta Alpharetta Windward, located at 5465 Windward Parkway in one of North Atlanta’s premier corporate and technology corridors.

Final Loan Terms Secured:
✅ Loan Structured: SBA 7(a)
✅ Rate: Prime + 1.00% – Variable, Quarterly Adjusting - Interest Only 1 YR
✅ Prepayment: 5% / 3% / 1% Declining Prepay Structure
✅ Amortization: 25 Years
✅ Leverage: 80%+ — Aggressively Levered
✅ 103 Keys – Extended-Stay Asset Class

This transaction highlights PCG’s ability to secure high-leverage, cost-efficient capital for premium extended-stay hotel assets—supporting long-term value creation, renovation flexibility, and strong cash flow for owners in today’s competitive lending environment.

Key Nearby Demand Drivers:
📌 Windward Corporate Center – Microsoft, HP, ADP, McKesson
📌 Avalon & Alpharetta City Center
📌 GA-400 Technology Corridor
📌 Ameris Bank Amphitheatre
📌 High-Income Residential & Commercial Growth Zone


Bisnow AAHOA American Hotel & Lodging Association - AHLA CoStar Pineapple Hospitality