13 May 2021
Why so many are looking at Commercial PACE
(C-PACE) financing now
Is C-PACE financing for you?
Commercial PACE financings have topped $1.5 billion and are still growing. Should you be considering it for your hotel or other commercial real estate? Join us for a condensed, 30-minute program to help you evaluate whether this financing program is right for your property, how it can be used, and what to expect in the next few years.
This free webinar took place on Tuesday, June 22, 2021 at 10:30 AM PDT / 1:30 PM EDT. To access an on demand recording, click here.
Led by JMBM’s PACE team leader and an executive at one of the leading national C-PACE providers, our webinar explores:
- Advantages and challenges of C-PACE financing
- Current national trends and developing opportunities
- How C-PACE financing could provide liquidity and funding for commercial real estate, particularly for hotels, restaurants and resorts
- Where and how you can use C-PACE financing, including: qualifying properties and expenditures; retroactive loans; new construction; and renovations of existing properties
- Which 36 states have approved C-PACE, where it’s most active, and where we see it going next
- Recent regulatory developments that will open up New York for C-PACE
The webinar is moderated by Jim Butler, a founding partner of JMBM and one of the top hotel lawyers in the world. Devoting 100% of his practice to hospitality, Jim is author of www.HotelLawBlog.com and chairman of the Global Hospitality Group® which focuses on representing hotel owners, developers, and lenders.
Our panelists include:
- Jared Schlosser, Senior VP and Head of Stonehill PACE
Jared Schlosser is responsible for originating debt, preferred equity, and PACE transactions for Stonehill across all asset classes. Jared has over 10 years of experience as a lender, completing over $600 million of transactions. Previously, Jared served as a loan officer for Voya Financial where he was responsible for the origination of construction, bridge and permanent loans ranging in size from $10 million to $200 million. Prior to Voya, Jared cofounded the real estate lending platform for AloStar Bank, where he grew the CRE balance sheet to over $500MM and started his career as an underwriter for Colony Capital. Jared earned his business administration degree in real estate finance from the University of Georgia.
- David Sudeck, Partner, Senior Member of JMBM’s Global Hospitality Group® and leader of PACE Financing team at JMBM
David Sudeck is a partner at JMBM and a senior member of JMBM’s Global Hospitality Group®, JMBM’s Chinese Investment Group®, and JMBM’s real estate department. His practice primarily involves the complex issues associated with hotels, resorts, vacation ownership properties (including shared ownership, destination clubs, timeshares, fractionals and private residence clubs), restaurants (including chef consulting agreements), golf courses and spas. David has significant experience in real estate finance, including traditional construction and permanent financing, PACE financing, EB-5 financing, and mezzanine/preferred equity financing. A number of these financings involved the structuring and implementing of Opportunity Zone Funds.
This is Jim Butler, author of www.HotelLawBlog.com and founding partner of JMBM and JMBM’s Global Hospitality Group®. We provide business and legal advice to hotel owners, developers, independent operators and investors. This advice covers critical hotel issues such as hotel purchase, sale, development, financing, franchise, management, ADA, and IP matters. We also have compelling experience in hotel litigation, union avoidance and union negotiations, and cybersecurity & data privacy.
JMBM’s Global Hospitality Group® has been involved in more than $87 billion of hotel transactions and more than 3,900 hotel properties located around the globe. Contact me at +1-310-201-3526 or email@example.com to discuss how we can help.