June 2025

Recapitalize with C-PACE | PLG team grows

plg perspectives

Need to Recapitalize? Use C-PACE

Recapitalize with C-PACE

C-PACE can inject fresh capital into mid-construction deals and projects up to three years post-completion, making it a viable option for recapitalizations.

PLG recently provided C-PACE for several refinancings: $22.4M for a Los Angeles office building, $6.2M for a Chicagoland Renaissance Hotel, and $17.7M for a Cincinnati Hyatt House hotel, which was also used to complete construction.

PLG Loan Servicing Team Expands 

Melissa Volz, joins us as a Loan Servicing Accountant, where she'll support our servicing department. Before PLG, Melissa worked for Simatic & Biersdorf, P.A., where she was an office manager and accountant.

Melissa Volz
Melissa Volz

Nick Roecker joins us as AVP of Loan Servicing. He has accumulated over six years as a program administrator in C-PACE, including the design and launch of PACE Wisconsin. Prior to joining PLG, Nick was primarily responsible for the ongoing administration of the IECA, the C-PACE program administrator for the most populous counties in Illinois, while serving as a Senior Associate for C-PACE lender Inland Green Capital. 

 

Nick Roecker
Nick Roecker

Industry Awareness of C-PACE Has "Grown Exponentially"

"C-PACE is much more a staple of project capital stacks than it was pre-COVID, in large part due to abundant capital available to deploy into the sector and due to its appealing structural aspects: long-term (25-30 years), fixed rate, non-recourse and prepayment flexibility," said Peter Grabell, Managing Director, Originations when interviewing with Connect CRE.

 

Peter Grabell
Peter Grabell