Michael Holigan Secures $22.5M C Pace Financing From Robbie Pinkas For Plano Special Purpose Asset
Mapleshade Lane And Ohio Drive
$22,500,000
$100/SF
Building Size
225,000 SF
Asset Type
Special Purpose
Closing
Jun 25, 2026
AI
The asset involved in this transaction is a special purpose property located at the intersection of Mapleshade Lane and Ohio Drive in Plano. The property encompasses a total square footage of 225,000. The loan amount associated with this asset is $22,500,000, and it is categorized under C pace financing.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $22,500,000
- Lender: Robbie Pinkas - PACE Loan Group
- Borrower: Michael Holigan - Holigan Investments
- Administrator: Glenn Silva - Lone Star PACE
- Date: 06/25/2026
- Market: Plano
Robbie Pinkas represents PACE Loan Group in this transaction, facilitating the lending process to the borrower, Michael Holigan of Holigan Investments. Glenn Silva serves as the administrator representing Lone Star PACE, overseeing the administration of the loan agreement.
Players
Plano Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93