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  • On the Money: North Bridge’s Laura Rapaport Demystifies C-PACE
    by Cathy Cunningham on Tuesday, September 27, 2022

    At an industry conference earlier this year, an attendee stood up at the end of a panel discussion, raised his hand and asked a question about the use of Commercial Property Assessed Clean Energy (C-PACE) financing in the capital stack. The four lender panelists sat silent for a moment until one humbly asked: “What’s C-PACE?” 

  • Stonehill Originates $42M for Columbus Hilton Property
    by Acoen on Friday, August 5, 2022

    A joint venture between Indus Hotels and Schottenstein Property Group has landed a $41.8 million debt package to refinance and implement green energy upgrades at a Hilton-branded hotel in Columbus, Ohio, Commercial Observer has learned. Stonehill originated a five-year, $26.3 million, fixed-rate bridge loan for the JV to refinance Canopy By Hilton Columbus Downtown Short

  • First Western Leads $33M Construction Deal for Minnesota Mixed-Use Project
    by Acoen on Tuesday, June 28, 2022

    GoodNeighbor Properties has secured $32.6 million of construction financing to build a mixed-use development in Minnesota, Commercial Observer can first report. First Western Bank provided a $21.5 million senior construction loan for GoodNeighbor’s planned project on a 2.5 acres of land in Alexandria, Minn. Enhanced Capital supplied $6 million of equity and $5 million of

  • PACE Loan Group Combines Real Estate with Sustainability Through C-PACE
    by Rleigh on Monday, June 27, 2022

    C-PACE provides developers with low-cost, long-term financing for energy-efficient and otherwise environmentally friendly aspects of both new and redeveloped projects. Partner Insights spoke with Rafi Golberstein, president & CEO of PACE Loan Group, one of the country’s leading C-PACE lenders, to learn more about C-PACE’s potential for financial savings and energy improvements in today’s development

  • Low-Emission Buildings Give Some New York Developers High Financial Hopes
    by Celia Young on Friday, June 24, 2022

    New York City’s oft-maligned Local Law 97, which requires owners of most larger buildings to reduce their carbon emissions, has been subject to criticism and even a lawsuit calling the measure financially burdensome and unconstitutional. But for some developers, the law has proven to be a welcome catalyst for pursuing environmentally friendly developments — ones

  • Why CRE Companies Should Consider C-PACE Financing Now
    by Tacitelli on Wednesday, June 22, 2022

    When Taconic Partners was structuring the financing for a $120 million building transformation at 730 Third Avenue to fund lighting upgrades, roof insulation and the installation of smart windows, the firm included a $28 million C-PACE loan in the capital stack. Work on the building includes the creation of outdoor terraces, a food hall, a

  • How C-PACE Financing Can Help Offset Costly Economic Conditions
    by Sophia on Monday, June 6, 2022

    At a time when developers are facing a seemingly endless array of increasing economic challenges — including inflation and deepening supply-chain issues, to name just a few — any tool that eases the burden could be considered crucial. Developers are turning to C-PACE (Commercial Property Assessed Clean Energy) financing, which allows them to lighten the

  • X-Caliber, CastleGreen Lend $36M For Hotel Development Near FDR Library
    by Acoen on Tuesday, May 10, 2022

    A joint venture between T-Rex Capital Group and Shaner Hotel Group has landed a $36 million financing package to build a planned Marriott-branded hotel property in New York’s Hudson Valley, near the Franklin D. Roosevelt Presidential Library and Museum, Commercial Observer has learned. X-Caliber Rural Capital (XRC) , an affiliate of X-Caliber Capital and CastleGreen

  • Spring Financing Forum: CRE Financing Confronts Choppy Waters
    by Acoen on Thursday, May 5, 2022

    One year after optimism beckoned the commercial real estate capital markets after surviving the worst of the COVID-19 pandemic, lenders and brokers are confronting new challenges for 2022 in a volatile economic climate. Panelists at Commercial Observer’s sixth annual Spring Financing CRE Forum in New York stressed that acting nimbly amid market volatility from rising

  • X-Caliber, CastleGreen Lend $55M on SoCal Multifamily Development
    by Acoen on Tuesday, April 26, 2022

    John Molina’s Pacific6 Enterprises has landed $55 million of financing to implement environmentally friendly upgrades to its planned multifamily property in Southern California, Commercial Observer has learned. X-Caliber Funding, a subsidiary of X-Caliber Capital, and CastleGreen Finance provided the debt package, which includes a $34.4 million short-term first-mortgage loan and $20.6 million in long-term Commercial Property

  • Sunday Summary: The End of 421a as We Know It?
    by The Editors on Sunday, April 10, 2022

    After wishin’ and hopin’ and thinkin’ and prayin’… 421a was not included in Gov. Kathy Hochul’s budget on Thursday. Nor was there a replacement for the tax incentive for affordable housing development. This will be a bitter pill for a lot of real estate developers to swallow. Back in January a number of owners and

  • Nuveen Green Capital’s Alexandra Cooley Is a Pioneer in C-PACE Lending
    by Emilyfu on Monday, April 4, 2022

    A lot can happen over a decade. The combined land and ocean temperature increased at an average rate of 0.13 degrees Fahrenheit per decade from 1880 to 2020, according to the National Oceanic and Atmospheric Administration. It’s a big reason Alexandra Cooley spent the past decade trying to mitigate climate change in her own way, including

  • Nuveen Green Capital Leads the Way on Sustainable Financing Through C-PACE
    by Sophia on Monday, March 7, 2022

    Commercial Property Assessed Clean Energy, or C-PACE, has become a leading mechanism for the financing of clean energy improvements and other energy efficiency initiatives for commercial buildings. Partner Insights spoke with Jessica Bailey, president and CEO of Nuveen Green Capital, the leading provider of C-PACE financing solutions, to learn more about this crucial tool for

  • How DC’s Crippled Hospitality Industry is Accessing Capital
    by Keith Loria on Friday, February 25, 2022

    The American Hotel & Lodging Association estimated that Washington, D.C. lost more than $2 billion in travel revenue in 2021, as the usually busy summer months were hampered by restrictions.  Given the unprecedented drop in demand, and the sustained impact of near zero group travel, the ways in which hotels drive revenue to their bottom

  • Mansoor Ghori Talks Apollo Investment, C-PACE Growth
    by Acoen on Friday, February 4, 2022

    The commercial property assessed clean energy (C-PACE) sector opened 2022 with momentum after Athene Holdings decided to invest in C-PACE firm Petros Pace Finance with the investment management team at Apollo overseeing the stake. Athene announced the acquisition of Petros, one of the leading C-PACE lenders, on Jan. 18. With Apollo’s collaboration, Athene is aiming


 

 

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