Using C-PACE to Drive Down Water Usage at Multifamily Properties
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Using C-PACE to Drive Down Water Usage at Multifamily Properties
Multifamily property owners have grappled with a persistent set of challenges that have only intensified over the past two years. In addition to a slowdown in rental income and elevated interest rates, many have seen their operational expenses skyrocket to unprecedented levels. One simple way to control costs is by analyzing and tackling a property’s…
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Lone Star PACE Administers $16.7M in C-PACE Financing for Luxury Car Storage Project in Carrollton
DALLAS, Texas, Aug. 23, 2024 — Lone Star PACE, a leading administrator of Texas’ Commercial Property Assessed Clean Energy Program, today announced it facilitated $16.7M in C-PACE financing for sustainable upgrades at Garages of America, a luxury car storage facility in the Dallas-area suburb of Carrollton. The 125,000-square-foot facility at 2308 and 2328 Marsh Lane…
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6 Reasons Why Senior Lenders Should Consent to C-PACE Financing
In today’s tight capital environment, property owners are increasingly turning to alternative financing sources to fund new construction projects or refinance existing buildings. Commercial Property Assessed Clean Energy, or C-PACE financing, is a relatively untapped solution that can replace more expensive forms of debt and help reduce the weighted average cost of capital. Rising demand…
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Glenn Silva of Lone Star PACE Featured on Multifamily Investment Panel Hosted by Bisnow
Glenn Silva, chief operating officer at Lone Star PACE, was among an esteemed panel of experts assembled to discuss multifamily capital markets at an Aug. 6 event hosted by Bisnow. The discussion centered on the many ways investors are creatively packaging deals in an era of high interest rates and inflation. More on this topic…
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Lone Star PACE Administers $27M in Retroactive C-PACE Financing for Luxury Hotel in Dallas
DALLAS, Texas, Aug. 20, 2024 — Lone Star PACE, a leading administrator of Texas’ Property Assessed Clean Energy program, today announced it facilitated $27M in retroactive C-PACE financing for the award-winning HALL Arts Hotel in the Dallas Arts District. Financing proceeds will recapitalize previously installed sustainable upgrades that save energy and water, including improvements to…
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Using C-PACE Financing in Place of More Expensive Mezzanine Debt
When deciding what to pair with mortgage debt, developers may find themselves choosing between mezzanine financing and Commercial Property Assessed Clean Energy, or C-PACE, to reduce the weighted average cost of capital. C-PACE financing is an attractive alternative to a mezzanine loan because it reduces the project’s capital cost and offers longer-term solutions for a…
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C-PACE Gains Growing Relevance in CRE Capital Stack
Adoption of C-PACE financing within the commercial real estate capital stack is expected to increase in the coming months as capital providers embrace the program’s ability to modernize aging properties and boost values. As we enter the second half of 2024, CRE owners continue to grapple with elevated interest rates and a heightened cost of…