Peachtree Group Approaches $750 Million in CPACE Financing
In December, Peachtree Group achieved a significant milestone by securing $150 million in Commercial PACE (CPACE) financing, approaching $750 million completed since its inception in 2019.
Photos: Carlos E. Serrano/Getty Images
Commercial Observer | Peachtree Group originated a $52.4MM C-PACE loan — the largest in Georgia’s history — to refinance Great Point Studios’ newly built 370,000-square-foot film studio in Douglasville, Georgia. The 39-acre, 12-soundstage complex is leased to Lionsgate and opened in late 2023.
Jared Schlosser, head of credit originations at Peachtree Group, noted that the transaction followed the firm’s advocacy for statewide C-PACE legislation, which Georgia implemented in 2024. He emphasized the strategic advantage of the financing structure for a purpose-built studio asset.
“These types of assets are not necessarily the easiest to finance,” Schlosser said.“To be able to utilize the efficiencies that were already put into it and allow over $50MM to refinance the property is a unique way to finance an asset that in the traditional capital markets would be more challenging to finance.”
Schlosser added that the studio is well positioned within Georgia’s competitive film market due to its long-term Lionsgate lease, proximity to Hartsfield-Jackson Atlanta International Airport, and the state’s favorable film tax incentives.
Read the full article on commercialobserver.com
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