ΔΙΕΘΝΗΣ ΕΛΛΗΝΙΚΗ ΗΛΕΚΤΡΟΝΙΚΗ ΕΦΗΜΕΡΙΔΑ ΠΟΙΚΙΛΗΣ ΥΛΗΣ - ΕΔΡΑ: ΑΘΗΝΑ

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Τρίτη 10 Δεκεμβρίου 2024

Peachtree Group surpasses $1B in CPACE financing

 

Peachtree Group has reached a significant milestone in CPACE (commercial property assessed clean energy) financing, surpassing the $1 billion mark. In 2024 alone, Peachtree completed 22 CPACE transactions across the U.S., surpassing its previous record for C-PACE originations.

“In 2019, we launched CPACE, and today we’ve surpassed our first billion—a testament to the exceptional team and the strength of Peachtree’s vision,” said Jared Schlosser, Peachtree’s EVP, hotel lending and head of CPACE. “Our strong foundation has not only fueled Peachtree’s success in CPACE financing but also solidified its position as a leader in the broader commercial real estate lending market.”

In the most recent loan origination rankings by the Mortgage Bankers Association, Peachtree was ranked as the seventh-largest commercial real estate investor-driven lender in the U.S.

The firm’s $1 billion in CPACE financing is rooted in hospitality, which remains its largest segment, comprising approximately 45% of its total. However, Peachtree has expanded into other sectors, particularly residential communities (including multifamily, student housing and senior living), which now represent 22% of the portfolio or $220 million. Additionally, the firm has executed numerous CPACE transactions across industrial, mixed-use and office sectors, showcasing its versatility.

“In this challenging lending market, CPACE financing has emerged as a crucial source of liquidity for all commercial real estate sectors,” said Schlosser. “This financing option is becoming increasingly essential as owners grapple with looming debt maturities and limited refinancing opportunities.”

Commercial real estate remains in a turbulent period with trillions of dollars in debt maturing and refinancing becoming increasingly difficult due to tighter lending standards from traditional lenders, according to the company. These challenges are reshaping the industry and forcing property owners to seek alternative financing solutions.

“CPACE has been a game-changer, offering long-term fixed-rate financing that lowers the cost of capital while enabling property owners to pursue energy-efficient upgrades with reduced financial strain,” Schlosser said. “Peachtree is proud to lead the way in expanding access to this innovative solution, helping owners across all commercial real estate sectors.”

In just over a decade, CPACE has reached a cumulative $7.2 billion in U.S. commercial real estate financings, according to PACENation.


Tags: CPACE, Jared Schlosser, Mortgage Bankers Association, PACENation, Peachtree Group