1 June 2021
See how JMBM’s Global Hospitality Group® can help you.
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Hotel Lawyer: Another Commercial PACE (C-PACE) financing closed
David Sudeck and his team at the Global Hospitality Group® at Jeffer Mangels Butler & Mitchell LLP worked with a C-PACE financing source to secure a $2.3 million loan for the 174-room Tapestry Suncoast Hotel in Anaheim, CA. The property includes a restaurant, meeting space, and outdoor pool.
Hotel: : SunCoast Park Hotel Anaheim, Tapestry Collection by Hilton
Location: Anaheim, CA
Size of C-PACE Loan: $2.3 million
How we can help with Commercial PACE (C-PACE) financing
C-PACE lending has become an important and fast-growing sub-specialty in our hotel finance capabilities. We work with C-PACE providers/lenders and borrowers. In fact, we have been fortunate enough to work with one of the leading providers of C-PACE financing as they expand their national platform.
We welcome inquires to see if we can help you evaluate potential PACE financing opportunities.
Webinar and more on C-PACE financing
To learn more about C-PACE, check out our free on demand webinar, “Why so many are looking at Commercial PACE (C-PACE) financing now.”
You can also find more information on this topic on the Hotel Law Blog under the topic C-PACE Financing. Here are a few select articles and some representative transactions we have handled.
Is C-PACE the “new EB-5″ financing?
Retroactive C-PACE frees hotel investment capital
C-PACE Financing – Now an accepted tool for hotel lenders and borrowers
Should you be looking at Commercial PACE (C-PACE) financing now?
C-PACE Financing Lawyer: New York opening Commercial PACE – a big opportunity!
Some of our deals: C-PACE Financing on a roll!
- $10+ million C-PACE for TETRA and AC Hotel Sunnyvale
- $6 million C-PACE for Kimpton La Peer West Hollywood
- $2.3 million C-PACE for the Tapestry Suncoast Anaheim
- $23.8 million C-PACE loan for the Vista Collina Resort Napa
- $5.8 million C-PACE loan for Fairfield Suites Camarillo
- $42 million C-PACE loan for citizenM Los Angeles
David Sudeck is a senior member of JMBM’s Global Hospitality 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.
A seasoned real estate attorney, David has extensive legal experience involving all types of residential and commercial properties. He represents owners – including hospitality clients – in the purchase and sale, development, construction, financing, leasing, and sale-leaseback of properties, and advises them on their operations and management agreements, including hotel management agreements. Contact David Sudeck at 310.201.3518 or email@example.com.
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 helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. Contact me at +1-310-201-3526 or firstname.lastname@example.org to discuss how we can help.