Ethan Elser, Executive Vice President of PACE Equity, shared his expertise on hotel construction financing during the “Construction financing today” session at Meet the Money 2019 alongside a panel of hospitality lenders featured in “Hotel News Now.” PACE Equity funding for new hotel construction, redevelopment, PIPs and capex projects is […]
PACE Equity financing supplies developers across multiple asset classes with a unique, proven way to replace expensive capital or fill a gap in the capital stack, while increasing the investor return rate.
Mezzanine financing is a tried and true method for CRE projects to obtain alternative capital. However, the cost of mezz can be prohibitively high. Fortunately, there is an alternative. PACE Financing continues to be a tool which building owners and real estate developers are interested to use for their property renovation or development projects, […]
The hospitality industry continues to be an attractive sector for developers. Hotels grew revenue per available room (RevPAR) by more than 3% in 2016, and that growth is expected to continue in 2017. However, funding for hospitality development is becoming harder to obtain, largely because many banks are concerned that the growth trend is nearing […]
The Laacke & Joys Building in Milwaukee, WI was a brownfield former manufacturing facility converted to an office complex using a capital stack including PACE Equity financing. PACE Equity was engaged to assist with the redevelopment of the former Laacke & Joys Building on Milwaukee’s riverfront into new construction offices. This project is the […]
PACENation is the national non-profit that advocates for the adoption of PACE legislation, collects information and data on PACE and connects people interested in the world of PACE financing. In the early days of PACENation, when interested stakeholders gathered, it was some 30 odd people who got together to talk about the promise of a future […]