february 2026

$45.5M for first New Jersey C-PACE | Attitudes at NMHC, MBA

plg perspectives

$45.5M loan recapitalizes Island Waterpark at Showboat

Showboat Waterpark

"The loan closed in less than two months, helping us meet our business goals going into 2026. Beyond that extraordinary timeline and given that this was the first C-PACE loan in New Jersey, the PLG team's diligence with New Jersey's C-PACE program led to an exceptionally smooth closing," said Bart Blatstien, owner of Tower Investments Inc.

Where has all the good equity gone? Attitudes at NMHC and MBA CREF

MBA CREF 2026

While at conferences the past few weeks, PLG heard similar sentiments: raising equity remains a challenge, but the debt market is bouncing back. "There's a lot of equity on the sidelines, but generally in the core markets with institutional borrowers," said PLG's Ina Montejo. "Debt is easier to come by than equity."

Controller Ridwane Moustapha named as a 40 Under 40 honoree

Ridwane Moustapha, PLG's Controller, was just named on the Minneapolis / St. Paul Business Journal's 40 Under 40 list, which highlights Twin Cities executives under 40 who excel in their careers and engage in their community. "Rid has been a critical part of taking PLG to the next level - as our company has grown and become more complex, he has risen to the occasion at every step," said COO Bali Kumar.

Ridwane Moustapha
Ridwane Moustapha

Learn why our process doesn't suck

Our Process Doesn't Suck

POV: Our process doesn't suck. Don't believe us?  Take it from our clients. "PACE Loan Group was a pleasure to work with, providing a clear and straightforward path to closing," said a West Coast developer that worked with PLG.