May 2024: $9.4M for FL Medical Center, MN program upgrades
PACE Loan Group
PLG is a leading direct C-PACE lender working nationwide to finance commercial and industrial real estate projects.
South Florida Medical Rehabilitation Center receives $9.4M in C-PACE financing
This medical rehabilitation facility in Florida received $9.4M in C-PACE financing from PLG for energy conservation measures, which are expected to save $71,805 annually throughout the payback period. C-PACE is a part of the project's total capital stack of $37.85M.
Minnesota C-PACE program upgrades pass legislature
PLG CEO Rafi Golberstein and COO Bali Kumar played a major role in getting Minnesota's most recent C-PACE legislative changes across the finish line.
Changes to the MN program include:
Removed SIR requirement | LTV cap raised from 20 to 30% | Max loan term expanded from 20 to 30 years | Water conservation and resiliency improvements are now PACE-eligible
Rafi discusses founding PLG and C-PACE's current applications on DebtStreet Podcast
PLG CEO Rafi Golberstein discussed founding the company and modern applications of C-PACE on the DebtStreet Podcast.
"Owners and developers are now demanding C-PACE from their brokers," Rafi explained. "The growth in transaction volume is exponential."