In addition, we are grateful to both the Mayors office and NYCEEC, for working with us through this complex transaction to get it done in a timely manner.. With our deep experience and strong capital resources, Petros has a unique ability to finance complex transactions with large, investment grade owners and financiers of commercial real estate projects, said Andy Meyer, Senior Vice President at Petros. Petros Investment Helps Bring Affordable Healthcare to Rural Nevada, Petros PACE Finance Closes $24.9 Million C-PACE Financing in Omaha, Nebraska, Petros PACE Finance Closes $16.3 Million C-PACE Financing in Columbus, Ohio. Financing in a Challenging Rate Environment, Memphis first C-PACE loan gives assist to Uptown Studio and Storage project, PETROS PACE FINANCE, LLC Copyright 2023. About Athene Athene, a subsidiary of Apollo, is a leading retirement services company with total assets of $224.4 billion as of September 30, 2021 and operations in the United States, Bermuda, and Canada. We believe that doing the right thing, the right way every day is essential for building a durable firm. Reef Capital Partners is developing Black Desert Resort. Corporate finance team contributes to first New York City C-PACE Stock Market - The Buffalo News Safe Harbor for Forward-Looking Statements. Though property assessed clean-energy financing has been around for more than a decade, it didn't really gain traction until recently. In addition to being substantially less than the cost of mezzanine debt and equity contributions, C-PACE also offers the following attractive features for sustainable developments: In development projects, C-PACE finances a long list of energy and water-focused budget items that typically involve a buildings mechanical, electrical, and plumbing systems along with the building envelope (ex. LTD. of Singapore. A positive can-do attitude is required along with the ability to work collaboratively and thrive in a fast-paced environment. These cookies do not store any personal information. Media Contact: Petros Pace has originated more than $700 million in long-term, fixed-rate financing since 2016, the company said. These cookies will be stored in your browser only with your consent. AUSTIN, By: Frank Jossi ", Patrick Manning, Managing Director of Reef Capital, added, "Reef Capital Partners is delighted to be working with the wonderful City of Ivins to build a world class resort in the most beautiful location in the State of Utah. To learn more, please visit www.apollo.com. upgrades. 300 Colorado St., Suite 2000 Austin, Texas 78701. In fact, according AUSTIN, Texas,Feb. 24, 2020/PRNewswire/ --Petros PACE Finance, LLC (petros-pace.com) has closed a$9.9 millionCommercial Property Assessed Clean AUSTIN, Texas,Feb. 19, 2020/PRNewswire/ --Petros PACE Finance, LLC (petros-pace.com) has closed two Commercial Property Assessed Clean Energy (C-PACE) AUSTIN, Texas, Jan. 30, 2020 /PRNewswire/ -- Petros PACE Finance, LLC (petros-pace.com), the national leader in the Commercial Property Assessed Clean AUSTIN, Texas, Jan. 30, 2020 /PRNewswire/ -- Petros PACE Finance, LLC (petros-pace.com) has closed two Commercial Property Assessed Clean Energy (C-PACE) AUSTIN, Texas, Jan. 29, 2020 /PRNewswire/ -- Petros PACE Finance, LLC (petros-pace.com) has closed a $4.2 million Commercial Property Assessed Clean Energy Commercial property owners use C-PACE financing to fund energy efficiency, renewable energy and resiliency measures on new and existing buildings in 21 AUSTIN, Texas,Dec. 19, 2019 /PRNewswire/ -- Petros PACE Finance, (petros-pace.com), the leading provider of Commercial Property Assessed Clean Energy WASHINGTON,Dec. 11, 2019/PRNewswire/ --The year 2019 marked an extraordinary milestone for Commercial Property Assessed Clean Energy (C-PACE) financing, AUSTIN, Texas, Nov. 25, 2019 /PRNewswire/ -- Petros PACE Finance, LLC (petros-pace.com) Petros PACE Finance has closed an $11 million C-PACE transaction AUSTIN, Texas,Nov. 7, 2019/PRNewswire/ -- Petros PACE Finance, LLC (petros-pace.com) has closed a$3.5 millionCommercial Property Assessed Clean WASHINGTON, Oct. 24, 2019 /PRNewswire/ -- C-PACE Alliance announced today two new publications on combining Commercial Property Assessed Clean Energy (C-PACE) AUSTIN, Texas, Oct. 23, 2019 /PRNewswire/ -- Petros PACE Finance, LLC (petros-pace.com) has closed an $8 million Commercial Property Assessed Clean Energy AUSTIN, Texas, Oct. 22, 2019 /PRNewswire/ -- Petros PACE Finance, LLC (petros-pace.com), the leading provider of Commercial Property Assessed Clean Energy By: Anca Gagiuc Their experience handling large C-PACE transactions is unparalleled. This website uses cookies to improve your experience. We're growing quickly and we're taking our clients with us. Necessary cookies are absolutely essential for the website to function properly. With these improvements, 111 Wall Street will be well-positioned to meet New York Citys requirements and attract todays tenants that seek to lease buildings with forward-thinking green designs and environmental sustainability, said Michael Gontar, Chief Investment Officer of Wafra Capital Partners. Its leadership team has decades of executive-level experience in private credit and structured finance, with direct long-term institutional investor relationships. All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Petros provides attractive, competitive compensation and benefits, including medical, dental, vision, paid vacation and a 401(k) program. Careers - Petros PACE Petros PACE Finance serves customers in the United States. The funding is also the largest single C-PACE transaction ever closed in the United States since the financing structure debuted more than 10 years ago to help make sustainability improvements more affordable for property owners. The 111 Wall Street PACE financing is part of the $500 million acquisition and reposition financing closed by the buildings joint venture-partners, Wafra Capital Partners and Nightingale Properties. Barclays served as financial advisor to Petros, and Skadden, Arps, Slate, Meagher & Flom LLP and Winston & Strawn LLP served as legal advisors to Petros. With billions in committed capital, we can provide C-PACE financing ranging from $500,000 to $200 million or more. Apollo Global Management's (APO) Athene Holding (ATH) Buys Petros Pace Investment Funds + Leadership Portfolio - Petros Partners HVAC, chillers, boilers, roofing, lighting, solar, controls, windows, plumbing, irrigation, etc.). We also use third-party cookies that help us analyze and understand how you use this website. But opting out of some of these cookies may have an effect on your browsing experience. The high rise complex is owned by Minnesota-based Madison [] We can now take advantage of the strategic support and capital from our partners at Apollo and Athene to substantially accelerate our growth trajectory," said Mansoor Ghori, CEO. PETROS-CONSULTING PTE. LTD. Company Profile - Dun & Bradstreet This website uses cookies to improve your experience. Petros PACE Finance Employee Benefits and Perks | Glassdoor We'll assume you're ok with this, but you can opt-out if you wish. without a large outlay of operating capital. ", "As a global company, we recognize the positive environmental impact Financing in a Challenging Rate Environment, Memphis first C-PACE loan gives assist to Uptown Studio and Storage project, Serve as project manager in facilitating and driving the closing process for large and/or complex commercial loans, Review the loan terms, project type and the corresponding PACE program requirements in order to determine the structure and closing timeline of the transaction, Determine the billing and collection mechanics of each PACE loan program to ensure the appropriate internal processes are followed with respect to same, Serve as a subject matter expert on the closing process and identify solutions for issues that arise throughout the closing process, Assist with coordinating internal transitions between underwriting, documentation and closing teams, Assist underwriting and legal teams, with collecting due diligence files in preparation for closing, checking for file completeness and approval condition requirements, Assist legal team with coordinating, reviewing and tracking the preparation of loan documentation, including maintaining version control and tracking the approval status of each loan document, Assist the project team in scheduling loan closing dates in coordination with all involved parties while maintaining communication between internal staff, borrowers, attorneys, trustees and third-party vendors, Determine, coordinate and oversee the day-of closing logistics with internal and external parties, Prepare closing document packages, including signature packages, disbursement requests and loan funding directions, Order and review title searches; prepare internal title memos for legal teams review and approval, Work directly with our trustee & pricing team to facilitate the disbursement of the loan proceeds to the appropriate parties, Ensure that all required documents are obtained pre- and post-closing and appropriately filed and maintained for safekeeping, Assist the post-close team with the ongoing monitoring and management of loan collateral and security, including insurance coverage, and closing/draw conditions, 3-5 years previous experience in lending, real estate closings and/or escrow related closings, Strong research, analytical and organizational skills, the ability to meet deadlines and to work collaboratively and proactively, Superior attention to detail and accuracy, Outstanding oral and written communications skills, Strong qualitative analytical skills and quantitative ability, Proficiency with Microsoft suite, including, Adobe Acrobat, Access or other database software, Ability to organize and handle multiple priorities simultaneously, Ability to set, manage, monitor and achieve completion of project and closing deadlines, Demonstrated creativity and independence with regard to project management and problem-solving abilities, Strong critical thinking and decision making skills, Ability to work effectively in a highly collaborative team work environment, Solid working knowledge of general business practices, PETROS PACE FINANCE, LLC Copyright 2023. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. This field is for validation purposes and should be left unchanged. An equal employment and affirmative action employer, Petros offers attractive, competitive compensation and benefits, including medical, dental, vision, paid vacation and a 401(k) program. Petros Pace Finance, LLC Company Profile | Austin, TX | Competitors Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. This position will focus on increasing our Commercial Property Assessed Clean Energy (C-PACE) financing transactions in the state by building and maintaining relationships throughout the commercial real estate community, including building owners and developers.
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