Recently Closed: Senior + CPACE Loan Peachtree Group originated a $28.3 million, 26-month first mortgage and 30-year $17 million Commercial Property Accessed Clean Energy (C-PACE) loan for the developers’ planned 280-unit Yorkshire Apartments project in Tumwater, Wash. Hickory CRE Lending also provided a $17.7 million mezzanine loan as part of the transaction, which was brokered by Zack Goodwin, managing partner at CapNorth. Read more about this transaction in this story by Andrew Coen for Commercial Observer: https://lnkd.in/ejGsgUvY #cpace #cpacelending #multifamilylending #multifamilyfinancing #cpacefinancing #commercialrealestate #cre #commercialrealestatelending #commercialrealestatefinancing #commercialrealestatefinance
Partner, Real Estate Finance at Seyfarth
2dThis was a great example of multiple members of the capital stack working together to make a project happen. A great Borrower to work with as well. I'm excited to watch the project progress!