Consultorio médico de VCP
Peachtree ofrece ayuda en mitad de la construcción con financiación retroactiva de CPACE
Un experimentado Licuadora CPACE, Peachtree Group creó un Préstamo CPACE retroactivo (energía limpia evaluada por propiedades comerciales) por 5 millones de dólares para un edificio de consultorios médicos en Atlanta, Georgia. El desarrollo es un edificio de cinco pisos de nueva construcción con 71,888 pies cuadrados de espacio rentable de clase A. La construcción se completó a fines de 2023 y se prearrendó el 31% con cuatro inquilinos. El prestatario proyectó una estabilización del 95% de ocupación para finales de 2025.
Peachtree Group llegó al acuerdo en mitad de la construcción con un préstamo a ritmo retroactivo para ayudar con los sobrecostos. Los ingresos de CPACE se utilizaron para cubrir las medidas de eficiencia y conservación instaladas durante la construcción, como la envolvente del edificio, las ventanas, la climatización, los sistemas de iluminación y los accesorios de agua.
Base sólida
La financiación del CPACE es inferior al valor del terreno, con un sólido ratio de cobertura del servicio de la deuda (DSCR) durante todo el préstamo, de 5,91 veces en el segundo año. Además, el préstamo CPACE retroactivo tiene una relación entre préstamo y valor (LTV) del 10,8% y una relación entre préstamo y coste (LTC) del 14,1%.
Patrocinador experimentado
El patrocinador es un desarrollador inmobiliario experimentado con una amplia trayectoria en el desarrollo de consultorios médicos, tiendas minoristas y multifamiliares. El patrocinador garantizó los pagos de CPACE a un prestamista institucional sénior, que tiene un 50% de recursos hasta que la propiedad esté arrendada al 50%. En el momento de la firma del préstamo, cuatro inquilinos se comprometieron.
La proximidad a los impulsores de la demanda
The Subject es un edificio de oficinas de clase A de nueva construcción ubicado frente al Piedmont Hospital, el hospital insignia de 643 camas de Piedmont HealthCare. También al otro lado de la calle se encuentra el Shepard Center, un hospital de 152 camas que se especializa en lesiones de la médula espinal y otras afecciones neuromusculares. La ubicación está cerca de las principales autopistas, incluidas la Georgia 400, la Interestatal 85 y la Interestatal 285, así como del transporte público a través del Sistema de Tránsito Rápido del Metro de Atlanta (MARTA).
Más información sobre la financiación de CPACE
- ¿Qué es la financiación de CPACE?
- En qué se diferencia CPACE del financiamiento intermedio y del capital preferente
- Requisitos para los préstamos CPACE
- Beneficios de la financiación de PACE
- Tipos de préstamos CPACE
- Preguntas frecuentes sobre la financiación de CPACE
Relacionado
Casos prácticos
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Yahoo! Finance: The hotel sector benefits from 'muted' supply
Yahoo – Catalysts - The commercial real estate market (CRE) has struggled amid a prolonged high-interest-rate environment, but hotels have continued to outperform as demand surpasses supply. Peachtree Group CEO Greg Friedman joined Catalysts to discuss the market outlook.
Friedman explained that the pandemic "muted" new supply growth, and as demand has picked up with limited new construction, he believes the hotel industry is benefiting from supply being constrained. He points out supply in the hotel sector is growing at a 40% reduction, while demand remains resilient.
Friedman notes that "from an investment perspective," hotel assets trade at higher cap rates. With rates expected to remain elevated, Friedman states, "there's less negative leverage," making the sector increasingly attractive.
Regarding office spaces, Friedman sees potential for recovery. "I think we're heading towards a bottoming across the office sector," he said, pointing to rising vacant spaces being repurposed and transformed for new uses. "I think we're heading towards it being more investable," he added.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Peachtree Group Surpasses $1.0 Billion in CPACE Financing
ATLANTA (Dec. 9, 2024) – Peachtree Group (“Peachtree”) has reached a significant milestone in Commercial Property Assessed Clean Energy (CPACE) financing, surpassing the $1.0 billion mark—a distinction shared by only a select few companies in the industry. In 2024 alone, Peachtree completed 22 CPACE transactions across the U.S., surpassing its previous record for CPACE originations.
"In 2019, we launched CPACE, and today we've surpassed our first billion—a testament to the exceptional team and the strength of Peachtree’s vision,” said Jared Schlosser, Peachtree’s Executive Vice President of Hotel Lending and Head of CPACE. “Our strong foundation has not only fueled Peachtree’s success in CPACE financing but also solidified its position as a leader in the broader commercial real estate lending market.”
In the most recent loan origination rankings by the Mortgage Bankers Association, Peachtree was ranked as the seventh-largest commercial real estate investor-driven lender in the U.S.
The firm’s $1.0 billion in CPACE financing is rooted in hospitality, which remains its largest segment comprising approximately 45% of its total. However, Peachtree has successfully expanded into other sectors, particularly residential communities (including multifamily, student housing and senior living), which now represent 22% of the portfolio or $220 million. Additionally, the firm has executed numerous CPACE transactions across industrial, mixed-use and office sectors, showcasing its versatility.
“In this challenging lending market, CPACE financing has emerged as a crucial source of liquidity for all commercial real estate sectors. This financing option is becoming increasingly essential as owners grapple with looming debt maturities and limited refinancing opportunities,” Schlosser said.
Commercial real estate remains in a turbulent period with trillions of dollars in debt maturing and refinancing becoming increasingly difficult due to tighter lending standards from traditional lenders. These challenges are reshaping the industry and forcing property owners to seek alternative financing solutions.
“CPACE has been a game-changer, offering long-term fixed-rate financing that lowers the cost of capital while enabling property owners to pursue energy-efficient upgrades with reduced financial strain,” Schlosser said. “Peachtree is proud to lead the way in expanding access to this innovative solution, helping owners across all commercial real estate sectors.”
In just over a decade, CPACE has reached a cumulative $7.2 billion in U.S. commercial real estate financings, according to PACE Nation, confirming the growing market adoption and acceptance of this financing tool.
About Peachtree Group
Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments.For more information, visit www.peachtreegroup.com.
Peachtree Closes 17 loans totaling more than $244MM in the last 90 days
Peachtree Group Closed 17 loans totaling more than $244MM in the last 90 days
Peachtree Group is a nationwide direct balance-sheet lender, offering competitive terms, in-house loan servicing, and flexible capital to handle a wide array of projects.
Peachtree provides full-stack debt capital solutions to qualified commercial real estate owners across all sectors throughout the U.S. We offer bridge, construction, mezzanine, preferred equity, CPACE, permanent and NNN financing.
See below for some of the most recent loan transactions from Peachtree Group including hotel loans, retail, multifamily, industrial, and land. Click here for our portfolio.
Need Financing? Contact us at lending@peachtreegroup.com.
FEATURED: $20.5MM Development Loan for a Conversion
Peachtree Group worked with the Sponsor to convert a retail store to an industrial building in a sought-after area of Sacramento, CA.
Read the Case Study.
FEATURED: $12.5MM Bridge Loan for a Hotel
Peachtree Group worked with the Sponsor to pay off its maturing loan while executing a business plan to upgrade its property to better compete in the marketplace and retain its Hilton flag.
Read the Case Study.
Peachtree is an award-winning hotel lender. Contact us to discuss your deal.