Polsinelli recently represented Peachtree Group, a direct lender providing permanent loans, bridge loans, mezzanine loans, commercial property assessed clean energy (C-PACE) financings and preferred equity investments secured by various interests in commercial real estate, in closing a $176.5 Million C-PACE financing for the Rio Hotel & Casino in Las Vegas, Nev. The financing was part of an aggregate $740 Million capital stack that included also mortgage and mezzanine debt.

This transaction was finalized in less than 60 days and, in addition to being the largest credit transaction in Peachtree Group’s history, it is one of the largest C-PACE financings ever completed in the U.S.

Additionally, this financing marks a major milestone in Polsinelli’s growing C-PACE representation, with the firm now having advised its C-PACE clients in originating more than $1 billion of C-PACE financings in participating jurisdictions across the country.

More information about this financing can be found here.

Shareholder Daniel W. Graves led the Polsinelli team in this matter.