The asset involved in this transaction is a development site located at 3138 Linne Road in the Paso Robles market. The property is set to undergo multiple sustainability upgrades, funded by a loan amounting to $51,500,000. This financial support is specifically designated for enhancing the exterior, improving HVAC systems, installing solar panels, upgrading plumbing, and making seismic enhancements for Phase 2 of The Reserve at Vinedo, a 224-unit townhome community.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $51,500,000
• Date: 02/27/2025
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Adam Tancredi - STG Capital Partners

Jared Schlosser from Peachtree Group represents the lender in this transaction, while Adam Tancredi from STG Capital Partners represents the landlord. The financing secured will facilitate significant improvements aimed at enhancing the sustainability of the townhome community, reinforcing a commitment to modern development standards.