Healdsburg Hotel Project Secures $63M C-PACE Financing

Healdsburg Hotel Project Secures $63M C-PACE Financing

GreenRock Capital and Petros PACE Finance have successfully secured $62.6 million in financing for the construction of a new hotel project in Healdsburg, located at 101 Dovetail. The development is being led by CCS Healdsburg Hotel, LLC, a partnership between Comstock Development Company, Wine Country Holdings and HVH Investment.

Expected to open in 2025 as part of the North Village mixed-use master plan just two miles north of downtown Healdsburg, this project serves as an excellent example of how developers can utilize C-PACE financing to supplement their capital stack with sustainable and innovative funding solutions. According to Mansoor Ghori, CEO and founder of Petros PACE Finance: “C-PACE is no longer considered alternative or niche financing; it has emerged as a mainstream solution for funding across all property types.”

This expertly crafted financial arrangement showcases the growing potential for C-PACE within commercial real estate development projects nationwide.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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