PETROS PACE FINANCE HIRES DUSTIN GABRIEL AS VICE PRESIDENT OF ORIGINATIONS

Gabriel brings over a decade of experience in commercial real estate finance to new role

AUSTIN, TEXAS (May 2, 2018) — Petros PACE Finance, LLC announced today 10-year commercial real estate veteran Dustin Gabriel has been named Vice President of Originations, strengthening its business development team as the company continues to expand nationally.

In his new role, Mr. Gabriel will join one of the national leaders in commercial real estate lending dedicated to C-PACE (Commercial Property Assessed Clean Energy) financing. He is the newest addition to the originations team and joins Senior Vice President Jake Kelley who joined Petros last year.

“As the PACE market continues its rapid growth in 2018, we are expanding our team accordingly and thrilled to have Dustin on board,” said Petros CEO Mansoor Ghori. “His considerable experience in real estate financing makes him a perfect fit for our team and is a great endorsement of our strategy and ambition.”

Mr. Gabriel joins Petros from Bank of the Ozarks, where he oversaw the construction and operations of a national loan portfolio for 7.2 million square feet valued at $2.3 billion in commercial real estate.

Prior to Bank of the Ozarks, he worked at Commercial Real Estate Investment Management where he was responsible for commercial real estate asset management, leasing, disposition, finance and operations. He is also a former strategy and research consultant at Cicero Group.

Mr. Gabriel is a graduate of Brigham Young University’s Marriott School of Management and holds an MPA with an emphasis in finance from the Romney Institute.

He will be based in Dallas, Texas.

Petros PACE Finance

Austin-based Petros PACE Finance, LLC is a leading financier of long-term capital for C-PACE. The principals of Petros PACE­­—Mansoor Ghori, Jim Stanislaus, and Tommy Deavenport—have executive level expertise in all critical aspects for C-PACE: Commercial lending, structured finance, debt fund management, and direct long-term institutional investor relationships.

Media Contact: Natalie Groves
Email: natalie@petrospartners.com
Phone: (512) 599-9042

PETROS PACE FINANCE RECEIVES FIRST SINGLE-ASSET C-PACE RATING IN INDUSTRY

AUSTIN, TEXAS (February 15, 2018) — Independent credit rating agency DBRS has bestowed a private rating on a large, single-asset-backed C-PACE transaction funded by Austin-based Petros PACE Finance.  This is the first single-asset transaction in the country to receive a rating from any agency involving Commercial Property Assessed Clean Energy (C-PACE) loans.

While DBRS has issued residential PACE ratings since 2015, this was the first commercial PACE rating by DBRS.

“This is a major milestone for our company and another example of Petros leading the institutionalization of this nascent but maturing industry.  We are gratified to receive such a high rating from this respected agency after a very thorough review,” said Petros Co-Founder and CFO Jim Stanislaus.

“We really appreciate the hard work and professionalism of the DBRS team during this process,” said Petros Co-Founder and CEO Mansoor Ghori.

Petros is the leading financier of long-term capital for energy efficiency, renewable energy, water conservation, and seismic upgrades to commercial, multifamily and industrial properties in the U.S.  Petros has funded transactions in eight different states, the widest footprint in the C-PACE industry, and was also the first private, national lender to fund in four of those states.  The company also co-financed the largest deal in C-PACE history, saw substantial growth in 2017 and expects more in 2018 and beyond.

Currently available in 33 states and Washington, D.C., PACE financing makes comprehensive clean energy projects possible on a broader scale for the first time by:

• Providing up to 100 percent financing to commercial property owners in order to fund energy efficient projects that deliver deep energy cost savings through the life of the loan.
• Rendering a private loan into a property tax obligation and enabling lenders to grant longer fix-rate terms of up to 30 years or the useful life of the upgrades.
• Displacing more expensive mezzanine debt or owner equity, reducing the weighted average cost of capital for development projects.
• Allowing commercial property owners to increase the value of their existing buildings by reducing total energy costs and increasing net operating income.

For more information visit http://www.petros-pace.com.

About Petros PACE Finance

Austin-based Petros PACE Finance, LLC is solely dedicated to providing long-term PACE financing to U.S. commercial property owners seeking to increase their property values and reduce their carbon footprint. The principals of Petros PACE Finance – Mansoor Ghori, Jim Stanislaus and Tommy Deavenport – have executive level, deep expertise in all four critical aspects for commercial PACE: commercial lending, structured finance, debt fund management, and long-term, direct relationships with some of the nation’s largest institutional investors.

Media Contact: Kate Miller Morton
Phone: (512) 922-6277

Petros PACE Finance Closes $10 Million Equity Round Led by Alex Rodriguez

Entrepreneur and former MLB All-Star leads expansion funding round for Petros

AUSTIN, TEXAS (January 18, 2018) – Petros PACE Finance (www.petros-pace.com) has closed on a $10 million equity round led by Alex Rodriguez and his investment firm, A-ROD Corp.

The investment marks the largest single funding round to date for the Austin-based company and will be used to fund the continued nationwide expansion of Petros’ Commercial Property Assessed Clean Energy (C-PACE) financing business.

“Alex is a highly accomplished and well-respected businessman with unmatched relationships in the commercial real estate industry, and we’re excited to have him as an investor and board member,” said Co-Founder and CEO Mansoor Ghori. “Petros had a terrific year and marked several major milestones in 2017. This investment will help fuel our expansion in this growing industry for an even better 2018.”

Mr. Rodriguez has successfully invested in commercial and residential real estate since 2004. His portfolio includes the ownership and management of more than 10,000 multifamily apartment units in 10 states.

“Commercial PACE is a nascent industry with tremendous growth potential,” said Alex Rodriguez, CEO of A-ROD Corp. “I’m excited to invest in Petros PACE and look forward to leveraging my real estate experience to help the company expand and introduce this innovative financing tool to commercial property owners in new markets across the nation.”

“We are not only excited about A-ROD Corp’s significant commercial real estate holdings for PACE lending opportunities for Petros, but also about their relationships with other significant capital sources that will enable Petros to further expand our funding platform as we prepare to expand rapidly across the country over the next several years,” said Jim Stanislaus, Co-Founder and CFO.

Petros is the leading financier of long-term capital for energy efficiency, renewable energy, water conservation, and seismic upgrades to commercial, multifamily and industrial properties in the U.S. It is also one of the first specialty finance firms in the U.S. to dedicate all of its resources to the commercial PACE market nationwide.

Petros achieved several major milestones in 2017, growing over 100 percent year over year. In 2017, Petros funded transactions in seven different states, the widest footprint in the C-PACE industry, and was also the first to close transactions in four of those states. The company also co-financed the largest deal in C-PACE history at the time of closing.

Currently available in 33 states and Washington, D.C., PACE financing makes comprehensive clean energy projects possible on a broader scale for the first time by:

• Providing up to 100 percent financing to commercial property owners in order to fund energy efficient projects that deliver deep energy cost savings through the life of the loan.
• Rendering a non-recourse private loan into a property tax obligation and enabling lenders to grant longer terms of up to 30 years or the useful life of the upgrades.
• Allowing commercial property owners to increase the value of their existing buildings by reducing total energy costs and increasing net operating income.

For more information visit http://www.petros-pace.com.

Petros PACE Finance

Austin-based Petros PACE Finance, LLC is solely dedicated to providing long-term PACE financing to U.S. commercial property owners seeking to increase their property values and reduce their carbon footprint. The principals of Petros PACE Finance – Mansoor Ghori, Jim Stanislaus and Tommy Deavenport – have executive level, deep expertise in all four critical aspects for commercial PACE: commercial lending, structured finance, debt fund management, and long-term, direct relationships with some of the nation’s largest institutional investors.

Media Contact: Kate Miller Morton
Phone: (512) 922-6277