Berk and Sonnabend form PM Realty Capital

According to Peter Berk and Michael Sonnabend, formerly affiliated with AFC Realty Capital, they have completed the formation of PM Realty Capital LLC and its subsidiary PM Hotel Finance Group. The firm is headquartered at 845 Third Ave. and offers real estate investment banking services on a nationwide basis. This partnership represents the culmination of the duos' more than forty years combined experience in the industry. Sonnabend and Berk have long thrived in the commercial real-estate sector through diverse circumstances and challenging market conditions. Their collective experience and skill sets includes not only the impressive amount of time spent exclusively in the industry, but also exposure to a wide range of shifting economic tides, changing banking and regulatory climates, varying inventory and construction levels, trends in financial structures, investment and banking and more. Berk who has financed over $5 billion of hotels representing over 20,000 rooms in his career says that "PM Hotel Finance Group will serve as a premier real estate investment banking firm, specializing in providing integrated capital solutions for fully and limited service hotels on a nationwide basis," Berk will spearhead the firm's hotel practice. "We approach each project with a keen eye on the big-picture success of our clients," said Sonnabend. This philosophy has led to long-standing clients, and key relationships with a variety of capital sources. "All real estate transactions require the appropriate combination of equity and debt," said Berk. "PM Realty Capital's experience in both the equity and debt markets ensures in-depth coverage of traditional lenders as well as emerging sources of capital."