Commercial Observer: Peachtree Group Funds Florida Senior Housing
Peachtree Group provided a $44.5M C-PACE loan for a 205-unit senior housing development in Yulee, Florida, set for completion in 2027.
Peachtree Group has originated a $51.5MM CPACE (30-year term) loan on 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.
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