$10.6M for new California Hotel, PLG team expands
PACE Loan Group
PLG is a leading direct C-PACE lender working nationwide to finance commercial and industrial real estate projects.
$10.6M PACE loan for new California Home2 Suites hotel
“We’re seeing C-PACE deployed for seismic projects along the West Coast more and more,” said VP of Underwriting Jacob Roth . “In addition to funding energy efficiency improvements, C-PACE is an accretive way to finance weather resiliency measures, which are becoming increasingly important as extreme weather events occur with more frequency and intensity.”
PLG team continues to grow
Capital Markets and Loan Originations teams expand
Eizaan Khan joined our Capital Markets team as Vice President, Capital Markets. “Eizaan’s experience will bolster our strength in assessing and valuing our lending instruments, bringing our clients additional depth and strength to our ability as direct lenders for C-PACE loans,” PLG CEO Rafi Golberstein said.
Eizaan has spent his career at Morningstar DBRS, most recently as assistant VP – North American CMBS, focused on new issuances of Commercial Mortgage Backed Securities (CMBS), Asset-Backed Securities (ABS), and Residential Mortgage Backed Securities.?
Peter Grabell joined our team as Managing Director, Head of Production. ?“As our growth trajectory continues, we recognized the need to add leadership at the production level to guide and support our originations team, which doubled last year. We are excited to have Peter’s experience in relationship building, C-PACE executions, and leading sales professionals, and know he’ll be a great cultural fit,” Rafi said.
During his career, Peter has led high performing groups that originated more than $5B in CMBS loans and PACE assessments, averaging 20-25% annual business growth. Prior to working for PACE Equity, he spent more than seven years at Dividend Finance/Fifth Third Bank.
Go Big With C-PACE
As the C-PACE industry continues to mature, more and more large transactions are happening. According to research from PACENation, over 100 C-PACE loans of $10M or more have been originated since 2017.??
In just the past two years, all five of the largest C-PACE loans were originated, with each deal being over $150M.??
"C-PACE's inherent benefits - long terms, fixed rates, and flexibility - are a great tool for sophisticated investors trying to optimize and fill gaps in their capital stacks," Loren said.
The Real Playlist of PLG
This past month, the PLG team came together to create a shared playlist so we could get to know each other and our music tastes (which are very eclectic) a little better!?