Done Deals: Stonehill Strengthens PACE Platform with Key Appointments to Meet Growing Demand for Energy-Efficient Buildings

Wednesday, April 21, 2021

Stonehill Strengthens PACE Platform with Key Appointments to Meet Growing Demand for Energy-Efficient Buildings

Allison Neary

ATLANTA, GA, April 21, 2021 – Stonehill, a leading direct hospitality lender, announced new leadership appointments supporting its growing Stonehill PACE lending platform.

The commercial property assessed clean energy ("PACE") focused unit has extended its leadership role by financing commercial loans to companies involved in renewable energy, energy-efficient components and seismic retrofitting.

Lisa Nordel

Over the past year, Stonehill PACE has completed more than $171 million in commercial PACE loans for clean energy measures and seismic retrofitting, primarily in California, Colorado, Florida, Kentucky, Missouri, Nevada and Texas.

Jared Schlosser

With approximately $75 million of the $171 million funding seismic improvements, Stonehill PACE has become the largest seismic-improvement lender in the country, helping owners protect their buildings and occupants against natural disasters.

Gabrielle Arieno

To support this growing industry and Stonehill PACE’s leadership position, Stonehill promoted Jared Schlosser to senior vice president and head of Stonehill PACE, Lisa Nordel to vice president of operations and Allison Neary to senior analyst.

Also, Stonehill PACE recently hired Gabrielle Arieno and Robert Loeb as business development associates and Jadah Quick as a senior asset management analyst.

Jadah Quick

"These associates are an integral part of the company's overall success; their appointments reflect our acknowledgment of their ability and contributions to Stonehill PACE," said Mat Crosswy, president and principal of Stonehill.

"Jared has exceeded our every expectation, and we are extremely confident he'll continue to excel and lead his high-performing team."

The U.S. PACE Program, launched in 2010, which the U.S. Department of Energy oversees, completed approximately $530 million of commercial PACE financing in 2020.

Mat Crosswy

"Given the trend toward broader environmental, social and corporate governance concerns, more building owners and senior lenders are taking advantage of PACE financing and overcoming the challenges that have hindered the adoption of energy efficiency and related projects in their buildings," Schlosser said.

CONTACTS:

Corporate

CharlesTalbert

Corporate Communications Director

713-666-2544

ctalbert@peachtreehotelgroup.com

Brent LeBlanc

Executive Vice President,

678-823-7683

bleblanc@stonehillsc.com

CHRIS DALY (media)

PRESIDENT