June 2024: $17.7M for Ohio Hyatt House, PLG Best Places to Work Award
PACE Loan Group
PLG is a leading direct C-PACE lender working nationwide to finance commercial and industrial real estate projects.
Cincinnati-area Hyatt House construction restarted with $17.7M in C-PACE
A Hyatt House hotel near Cincinnati received $17.7M in C-PACE from PLG to refinance existing debt and complete construction of the property, which includes an attached medical rehabilitation annex.?
“This was a creative, but very impactful way to deploy C-PACE and will enable the project team to finalize and open a cutting-edge concept that blends hospitality and healthcare,” said PLG CEO Rafi Golberstein.
VP of Originations Parag Vipani arranged the financing package with PLG's internal underwriting team and SVP of Underwriting Jacob Roth .
PLG selected as one of 2024's Best Places to Work in the Twin Cities
PACE Loan Group was recognized as one of the Best Places to Work in 2024 by the Minneapolis/St. Paul Business Journal (MSPBJ) for this year’s awards in the extra small business category.
“When I started PLG back in 2017, I knew that creating a collaborative, enjoyable company culture would be my number one priority,” said CEO and founder Rafi Golberstein. “When working with an incredible group of people like the PLG team, it’s hard to not to be excited to come into work every day and give it your all.”
领英推荐
Forbes: C-PACE for CRE in 2024
PLG CEO Rafi Golberstein spoke with Forbes about C-PACE's momentum and applicability in the 2024 CRE market.
“Its adaptability, cost-effectiveness and alignment with environmental goals position it as a symbol of the real estate industry’s evolution toward a more sustainable future.”?
Finance & Commerce: C-PACE and other energy updates in MN
PLG COO Bali Kumar discussed the recent legislative changes to the Minnesota program with Finance & Commerce .
“It makes sense for us to join the overwhelming majority of the other C-PACE states that allow you to do up to 30-year financing,” Bali said.