Peachtree Group closed a $44.5 million C-PACE loan for Fellowship Family's senior housing development in Yulee, Florida. The Fellowship Wildlight project spans 205 units across 285,613 square feet and represents a 30-year debt structure using Commercial Property Assessed Clean Energy financing.

C-PACE loans attach to property tax bills rather than traditional mortgages, offering developers longer repayment terms and lower rates than conventional construction financing. This mechanism appeals to senior housing operators managing extended development timelines and stable, predictable cash flows from operations.

For Fellowship Family, the 48-year-old operator gains access to long-term capital without traditional lender constraints. The Yulee location in Nassau County positions the community near Jacksonville's northern suburbs, targeting an aging demographic seeking purpose-built senior housing.

Buyers and investors benefit from this financing approach. C-PACE structures lower developer carrying costs, which can translate to more competitive unit pricing or better finishes. For senior housing specifically, stable operational revenue streams make C-PACE attractive since occupancy typically remains consistent. Operators avoid balloon payments or refinancing risk common in conventional 10-year commercial loans.

The 30-year term means Fellowship Family locks in financing costs through 2054, hedging against future rate increases. This stability attracts institutional capital to senior living development, a sector experiencing sustained demand as baby boomers age into independent and assisted living communities.

For lenders like Peachtree Group, C-PACE deals offer reliable yield. Property owners maintain tax assessment liability, but payments flow directly from property tax collections, reducing default risk compared to standard commercial mortgages.

The Yulee project reflects continued appetite for senior housing in secondary Florida markets. Jacksonville's northern corridor offers lower land costs than Miami or Tampa while serving retirees relocating from higher-cost Northeast and Midwest regions