The Fellowship Family, a 48-year-old senior living operator, has secured $44.5 million of Commercial Property Assessed Clean Energy (C-PACE) debt for the development of a senior housing community in northern Florida, Commercial Observer has learned.
Peachtree Group originated the 30-year C-PACE loan for the sponsorship’s 205-unit Fellowship Wildlight project in Yulee, Fla. The 285,613-square-foot community slated for completion in late 2027 will consist of 133 independent living units, 48 assisted living units and 24 memory care units.
Jared Schlosser, head of credit originations at Peachtree Group, said Fellowship Wildlight is positioned for success given that there are no other independent living or memory care communities in the immediate Yulee area with the nearest 20 minutes away on Amelia Island.
