纳什维尔（2024 年 6 月 25 日） — Peachtree集团在田纳西州启动了其第一笔商业地产评估清洁能源（CPACE）融资，为纳什维尔的A级办公开发项目提供了1,070万澳元的贷款。这标志着纳什维尔市和戴维森县首批使用CPACE的房产之一。
这座四层、占地75,000平方英尺的办公楼位于恩斯利大道1621号，位于纳什维尔的中央商务区和韦奇伍德-休斯敦区之间。CPACE的融资期限为30年，将采用追溯和未来融资相结合的方式，为办公室的照明、建筑围护结构、暖通空调、管道和屋顶提供资金。Division Street Development正在开发该项目，目标完成日期为2024年10月。
由于银行贷款标准的收紧，办公和商业房地产所有者将面临艰难的未来几年，数万亿美元的债务到期和再融资变得更加困难。
“对于符合条件的项目，CPACE融资仍然是完成项目的最有吸引力的选择之一。我们很高兴协助Division Street Development获得完成其办公开发融资难题所需的最后一部分。” Peachtree执行副总裁兼CPACE负责人贾里德·施洛瑟说。
CPACE计划为业主提供了一个难得的机会，可以为房产的前期能源成本或其他符合条件的改善提供资金。正如美国能源部所概述的那样，这笔款项将随着时间的推移通过自愿评估来偿还。在田纳西州，业主可以利用CPACE融资，最高可达25％的价值贷款，从而提供灵活和可持续的融资选择。
2021年，田纳西州立法机关通过了CPACE授权立法，允许各县市制定CPACE计划。
Peachtree Group Credit是一家直接的商业房地产贷款机构，提供所有商业房地产领域的永久贷款、过渡贷款、夹层贷款、CPACE融资和优先股投资。
关于桃树集团
Peachtree Group是一家垂直整合的投资管理公司，专门发现和利用以商业房地产为支撑的混乱市场中的机会。如今，该公司通过收购、开发和贷款管理着数十亿美元的资本，并辅之以旨在保护、支持和增加其投资的服务。欲了解更多信息，请访问 www.peachtreegroup.com。
联系人：
查尔斯·塔尔伯特
678-823-7683
ATLANTA (August 18, 2024) – Peachtree Group (“Peachtree”) has originated the largest credit transaction in its history, closing a $176.5 million retroactive Commercial Property Assessed Clean Energy (“CPACE”) loan for Dreamscape Companies’ recently renovated 2,520-room Rio Hotel & Casino(“Rio”) in Las Vegas, Nev. The deal, finalized in less than 60 days, ranks among the largest CPACE financings ever completed in the United States.
The Rio, now under the Destinations by Hyatt brand, is a casino resort featuring two hotel towers, Ipanema and Masquerade, connected by a casino, restaurants and retail establishments. Renovations completed in 2024 included a full transformation of the Ipanema Tower guest suites, a reimagined casino floor and significant upgrades to multiple food and beverage venues. The comprehensive property improvement plan also delivered exterior enhancements, modernization of the central heating and cooling plant, electrical infrastructure upgrades and renovations to the convention center.
“This deal highlights an inflection point for CPACE, with some of the nation’s largest financial institutions consenting to its use because they see the clear benefit to the capital stack,” said Jared Schlosser, head of originations and CPACE for Peachtree. “By closing quickly on a marquee hospitality asset, we were able to strengthen the position of both the owner and its lenders.”
The CPACE loan retroactively funded the renovations enabling the owners to pay down their senior loan. Retroactive CPACE funding offers a distinct advantage by allowing 100% of the proceeds to be reimbursed for completed project costs.
“This transaction is not only a historic milestone for Peachtree Group, but also a testament to the ecosystem we have built over the past 18 years,” said Greg Friedman, managing principal and CEO of Peachtree. “Through our vertically integrated platform, deep expertise and disciplined approach, we have developed the infrastructure to be a leader in the private credit space. Our ability to deliver speed, creativity and certainty of execution positions us to provide capital solutions that create value for our investors and partners across market cycles.”
The CPACE market has surpassed $10 billion in cumulative U.S. originations in just over a decade, according to the C-PACE Alliance, with strong growth expected as more institutional owners and lenders recognize its value. “We see tremendous opportunity ahead for retroactive CPACE and its use in funding new commercial real estate development,” Schlosser said. “It’s an attractive alternative to more expensive forms of capital.”
Peachtree is one of the most active CPACE lenders in the country, with more than $1.5 billion in originations. The firm’s credit platform spans CPACE, bridge, mezzanine and construction lending, providing creative capital solutions across market cycles.
The hotel lending landscape continues to shift, shaped by rising rates, tighter equity, and the need for more creative capital structures.In this Hotel Business Magazine roundtable recap, Peachtree Group’s Michael Harper, President, Hotel Lending, and Jared Schlosser, Head of Credit Originations & Commercial CPACE, share insights on:
• Navigating the gap between buyer/seller expectations
• The growing role of private credit
• Structuring deals with CPACE, mezzanine, and hybrid financing
• Underwriting and execution in today’s higher-risk environment
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.
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