Capital Markets Veteran Parag Vipani Joins PACE Loan Group as Vice President
October 16, 2023
Minneapolis, Minnesota (Oct.9, 2023) – Parag Vipani, an experienced capital markets professional, joined PACE Loan Group as vice president, where he will be responsible for originating, underwriting, and closing on PLG’s pipeline of C-PACE financing transactions. He brings 25 years of experience in capital markets, asset management, valuations, and consulting, primarily in the hospitality market.
He joins PLG from K2 Developers, where he was responsible for leading hotel acquisition efforts around the country. Prior to K2, he spent 15 years with CBRE, most recently in its capital markets Hotel group, where he participated in the underwriting of more than $3B of hotel transactions and was involved with $1B in financing transactions.
“Parag brings a wealth of knowledge and experience in the hospitality world, which is a major asset class for PLG. His existing relationships and skillset will help expand PLG’s hospitality portfolio and is a welcome addition to our growing team” said Rafi Golberstein, chief executive officer – PACE Loan Group.
Parag holds a bachelor’s degree from the University of Missouri and a Master of Management in Hospitality (MMH) from Cornell University. He is based in Denver, Colorado.
About PACE Loan Group
PACE Loan Group (PLG) is a national leader in the C-PACE marketplace, providing direct C-PACE financing to commercial property owners. PLG benefits from institutional support with capital from funds managed by AB CarVal, a subsidiary of Alliance Bernstein. The PLG team provides expertise up and down the capital stack, from origination and underwriting to loan servicing. To learn more about PLG, visit www.paceloangroup.com.