Commercial Observer: Peachtree Closes $52M C-PACE Loan for California Townhomes
$51.5MM CPACE (30-year term) loan in a 224-unit townhome development in the Vinedo Community of Paso Robles, CA.
$51.5MM CPACE (30-year term) loan in a 224-unit townhome development in the Vinedo Community of Paso Robles, CA. The Reserve is part of the 279-acre master-planned Vinedo community, which, at full build-out, will contain ~1,425 total homes. The CPACE loan will fund the building envelope, HVAC, lighting, solar PV, plumbing, seismic improvements, and qualifying soft costs as the eligible costs are incurred during the construction process. The sponsor, Adam Tancredi comes from a 70-year-old family legacy of homebuilding and has over 17 years in the real estate development industry with an emphasis on both residential and commercial developments.
Read full article on commercialobserver.com
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$51.5MM CPACE (30-year term) loan in a 224-unit townhome development in the Vinedo Community of Paso Robles, CA. The Reserve is part of the 279-acre master-planned Vinedo community, which, at full build-out, will contain ~1,425 total homes. The CPACE loan will fund the building envelope, HVAC, lighting, solar PV, plumbing, seismic improvements, and qualifying soft costs as the eligible costs are incurred during the construction process. The sponsor, Adam Tancredi comes from a 70-year-old family legacy of homebuilding and has over 17 years in the real estate development industry with an emphasis on both residential and commercial developments.
Read full article on commercialobserver.com
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Peachtree Group Surpasses $1.0 Billion in CPACE Financing
Peachtree Group has reached a significant milestone in Commercial Property Assessed Clean Energy (CPACE) financing, surpassing the $1.0 billion mark.
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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.
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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.
온더엣지 팟캐스트: CPACE 대출을 활용한 크리에이티브 파이낸싱
피치트리 수석 부사장 재러드 슐로서 (Jared Schlosser) 는 On the Edge 팟캐스트의 진행자인 말콤 데이비스 (Malcom Davies) 와 만나 스폰서가 개발 자본 스택 활용부터 프로젝트 자본의 소급 재구성, 심지어 구조 자본의 출처까지 CPACE를 활용할 수 있는 방법에 대해 논의했습니다.
오늘날의 금융 환경에서 스폰서는 거래를 수익화할 수 있는 창의적인 방법을 찾고 있습니다.그러한 방법 중 하나는 CPACE 파이낸싱.
피치트리 EVP 호텔과 CPACE 자레드 슐로서가 주최자인 말콤 데이비스와 함께 앉았습니다. 온 더 엣지 팟캐스트 스폰서가 개발 자본 스택 활용부터 프로젝트 자본 소급 재구성, 심지어 구조 자본 출처까지 모든 것에 CPACE를 활용할 수 있는 방법에 대해 논의합니다.
에피소드 3 | 피치트리 그룹의 재러드 슐로서와 함께하는 CPACE 대출을 활용한 크리에이티브 파이낸싱
이 에피소드에서는 다음에 대해 더 깊이 이해해 보십시오.
- 청정에너지를 위한 상업용 부동산 평가 (CPACE): 활용 방법
- CPACE를 결합하면 건설, 및 브릿지 대출
- 구조적 CPACE와 메자닌의 차이점 및 JVA
- 소급 CPACE 펀딩
- CPACE 제한 및 기회
- 구조 수도로서의 CPACE
CPACE에 대한 자세한 내용은 다음을 참조하십시오. CPACE 자주 묻는 질문.