august 2025

$13M for SpringHill Suites | Dallas and San Francisco Originators

plg perspectives

Seattle suburb SpringHill Suites receives $13M fromPLG for construction

SpringHill Suites
SpringHill Suites

PLG provided $13 million in C-PACE financing for the construction of a SpringHill Suites by Marriott Hotel in Lakewood, Washington, a Seattle suburb. 

 

“This project was a strong fit for C-PACE," said VP of Originations Parag Vipani. "The streamlined process enabled the loan to close in approximately two months, allowing the developer to move forward with construction.” 

Ron Adachi and Matt Mitchell join Originations team

Ron Adachi brings over two decades of experience in commercial real estate, structured finance, and business development to his role as Senior Vice President at PACE Loan Group. Prior to joining PLG, Ron served as Managing Director and Vice President at PACE Equity, where he originated and consulted on C-PACE financing, working closely with senior lenders and equity partners. 

 

Ron specializes in sourcing, structuring, and placing C-PACE financing throughout California, Hawaii, Nevada, Oregon, and Washington.

Ron Adachi

Ron Adachi

ORIGINATOR

Matt Mitchell

Matt Mitchell

ORIGINATOR

Mitchell joined PLG after two stints totaling 10 years at Dallas-based Hall Structured Finance, where he structured and originated construction and redevelopment loans on commercial properties across the U.S. Following his initial
turn at Hall from 2013 until 2020, Mitchell rejoined the firm as a VP from 2021 until last year. In between, he was a managing director at Paramount Capital Advisors of Chicago.

 

Matt is based in Dallas, where he works closely with PLG’s national team to deliver customized C-PACE financing solutions.

PLG at Western States CREF

Sept. 3-5 | ARIA Resort and Casino, Las Vegas

Western States CREF

Meet with the PLG originations team next week at the Western States CREF conference in Las Vegas. Matthew McCormack, Ina Montejo, Emily Ramey, and Ron Adachi will be attending the event to discuss C-PACE as a tool to blend down cost of capital, refinance maturing debt, substitute A-notes, and more.

Inc. 5000 and Fast 50

PLG on the Rise

Inc. 5000 and Fast 50
Inc. 5000 and Fast 50

"PLG has grown tremendously since I started the company back in 2017," said CEO Rafi Golberstein. This past month, PLG was recognized as a Fast 50 company by the Minneapolis/St. Paul Business Journal, as well as an Inc. 5000 fastest-growing private company in the U.S.

 

"From the start, I knew I wanted to build an experienced and diverse company committed to disrupting the CRE industry, and that's what PLG is doing with C-PACE. I’m proud of the amazing team that makes this a possibility."