亚特兰大（2024年1月24日）——在12月， 桃树集团 通过获得1.5亿美元的资金实现了重要的里程碑 商业 PACE（CPACE）融资，自2019年成立以来，已竣工近7.5亿美元。今年，Peachtree集团在美国各地完成了23笔商业地产评估的清洁能源融资交易，共计约2.5亿美元的直接发起和资产负债表资助的CPACE融资。
随着数万亿美元的债务到期，再融资变得越来越困难，再融资变得更加困难，再加上银行收紧的贷款标准，商业房地产面临着艰难的2024年。
“在这个充满挑战的贷款市场中， 商业地产评估清洁能源融资 已成为重要的流动性来源。随着所有者努力应对迫在眉睫的债务到期日和有限的再融资机会，这种融资选择变得越来越重要。” 桃树集团高级副总裁、发起人兼PACE融资主管贾里德·施洛瑟说。
据统计，CPACE增长相对较快，在短短十年内，美国商业房地产融资累计达到52亿美元 PaceNation，证实了市场对这种创新融资工具的采用和接受程度不断提高。
“CPACE通过提供独特的，改变了游戏规则 与其他形式的融资相比的优势 其长期固定利率融资降低了项目的资本成本，” 施洛瑟说。
桃树集团是美国最活跃的酒店商业房地产贷款机构之一，在抵押银行家协会的最新排名中被抵押银行家协会列为美国第八大酒店贷款机构。在今年完成的CPACE交易中，约有50％来自酒店业。
施洛瑟说：“CPACE融资符合酒店的财务、环境和宾客体验目标，使其成为寻求提高能源效率、降低成本和加强可持续发展举措的业主的热门选择。”
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施洛瑟说：“这种创新的融资机制使各行各业的业主能够着手进行节能升级、可再生能源装置和节水计划，同时最大限度地减少他们的财务负担。”
桃树集团 是一家投资公司，通过多样化的商业房地产资产和其他风险投资组合推动增长。自成立以来，我们已经进行了数百项投资，重点是房地产收购、开发和 贷款。今天，我们管理着数十亿美元的股权，并辅之以旨在保护、支持和增加投资的服务。
Mergers & Acquisitions- Commercial Property Assessed Clean Energy, or CPACE financing, which allows commercial property owners to borrow money for energy efficiency, renewable energy generation, water conservation and other upgrade projects, is a growing market, and is largely being provided by private equity firms.
According to the CPACE Alliance, anon-profit that works to increase the volume of quality projects, this loan market is growing nicely (see chart below). The market hit over $10 billion in total originations by the end of 2024.
Jared Schlosser, the executive vice president and head of hotel originations and CPACE at Atlanta PE firm Peachtree Group, says the firm has averaged 25 percent year-over-year growth since it started CPACE lending at the end of 2019. He expects the market to grow as more states get access to CPACE.
Article Originally Published in HotelBusiness.com
Hotel owners are facing one of the most demanding operating environments in decades. Interest rates remain high, property valuations are resetting and the costs of running a hotel—particularly energy—continue to rise. Meanwhile, guests have elevated expectations, lenders are more selective and the pressure to maintain profitability in an uncertain market has never been more significant.
In this climate, hotel owners can no longer afford to delay strategic upgrades that make their properties more efficient, resilient and competitive. Sustainable innovation is no longer nice to have; it’s quickly becoming essential for long-term success. Fortunately, hotel owners now have a powerful tool to help them implement these upgrades without draining their reserves or disrupting cash flow: CPACE financing.
Energy is among the most volatile and burdensome line items in a hotel’s operating budget. The rising cost of utilities—from climate control to lighting to laundry—cuts directly into margins. According to recent projections, U.S. natural gas prices alone are expected to increase by nearly 50% in the coming year. These rising costs can add up fast for hotels, especially older properties.
However, energy costs are also one of the most addressable threats. Owners who invest in energy-efficient systems, solar panels, HVAC upgrades or water conservation measures can significantly reduce operating expenses. More importantly, they gain more control over those expenses, becoming less reliant on grid pricing and utility volatility.
This is where CPACE (Commercial Property Assessed Clean Energy) financing comes into play. CPACE enables hotel owners to access long-term fixed-rate financing for eligible improvements like energy efficiency, renewable energy and resiliency upgrades. Unlike traditional loans, CPACE is repaid through a special property tax assessment over a period that can extend up to 30 years. That means no upfront capital outlay, non-recourse financing and the potential to pass along costs to future owners if the asset is sold.
By using CPACE, hotel owners can make the upgrades they need today without disrupting operations or tying up cash reserves.
These improvements do more than reduce costs. Properties that are upgraded with efficiency and resiliency in mind tend to command stronger interest from guests, brand partners and investors. As consumers become more conscious of sustainability and more sensitive to comfort and reliability, hotels that can market lower carbon footprints, modernized systems and energy independence stand out in a crowded market.
There’s also growing evidence that sustainability enhances asset value. Properties that have made these upgrades are often better positioned for refinancing or disposition. Buyers are looking closely at operating expenses and capital needs. A hotel with a new roof, efficient systems and solar capabilities is far more attractive than one that faces deferred maintenance and high utility bills.
Sustainable innovation also offers protection against increasingly frequent and severe weather events. Hurricanes, heatwaves, floods and freezes can cause major disruption. Hotels that integrate battery storage, microgrids and storm-resistant features can maintain operations, reduce damage and serve as safe havens in times of crisis. That kind of resilience doesn’t just protect the bottom line—it enhances a hotel’s reputation and guest loyalty.
Hotel owners don’t have to tackle everything at once. The key is starting with the most impactful and cost-effective improvements. CPACE makes that possible. It’s an accessible scalable financing solution that aligns with the long-term nature of hotel ownership and investment.
In a tightening market where margins are under pressure and capital is harder to come by, CPACE offers hotel owners a path forward. It provides a way to modernize properties, cut expenses, increase competitiveness and build resilience—all without adding traditional debt to the balance sheet.
Today’s environment demands more from hotel owners. With sustainable innovation and the strategic use of CPACE financing, those demands can become an opportunity—not just to survive but to grow stronger and more competitive in the years ahead.
Peachtree Group
Peachtree Group is a direct balance sheet lender focused on funding first mortgage bridge loans, mezzanine loans, preferred equity investments, and commercial property assessed clean energy (CPACE) financing. Jared Schlosser is responsible for Peachtree's hotel originations platform and its CPACE program.
$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.