News Updates from PACE Equity

12Jun 2019

Building owners use PACE Equity funding to achieve business plan

PACE Equity provided a creative capital solution for building owners to turn vacant building into a green office and retail space in South Denver PACE Equity recently completed funding to finance energy efficient upgrades for the complete renovation of a 1920s J.C. Penney building that will be transformed into 3400 SOBO, a flex-office and -retail […]
16May 2019

PACE Equity Brought in Midway through Construction to Fund Isanti Best Western Plus

PACE Equity recently completed funding for the new construction of the Best Western Plus hotel in Isanti, Minnesota. Midway through construction, the developer required additional funding in order to meet forthcoming hotel flag standards and avoid renovations down the line. PACE Equity provided a turnkey solution by stepping in midstream to […]
25Mar 2019

Ron Adachi of PACE Equity Promoted to Vice President of Hospitality

PACE Equity is pleased to announce that Ron Adachi has been promoted to the newly created position of Vice President of Hospitality. Ron brings 15 years of experience in commercial real estate brokerage, real estate development, hospitality and EB-5 financing to the team. In his new role, Ron oversees hospitality strategy and assists his local […]
26Feb 2019

PACE Equity Funds New AC Hotel by Marriott to Revitalize Downtown Little Rock, Arkansas

PACE Equity completed funding for a new AC Hotel by Marriott to be located in downtown Little Rock, Arkansas, expected to be complete in the summer of 2019. The 114-key boutique hotel will occupy the vacant Hall-Davidson buildings, built in 1923, accompanied by a 5,000-square-foot restaurant and lounge. The project is helping revitalize downtown […]
31Jan 2019

PACE Equity Funds Largest New PACE Construction Project in Ohio

PACE Equity recently completed funding for the largest new PACE construction project in Ohio, a highly sustainable new Homewood Suites and Hilton Garden Inn to be constructed in Easton. The project reflects the developer’s commitment to the environment while meeting demands of the new generation of green travelers. The 175,000 square-foot, 240-key […]
30Oct 2018

PACE Equity Named Better Buildings Financial Ally & Challenge Goal Achiever by Energy Department

PACE Equity Named Better Buildings Financial Ally & Challenge Goal Achiever by Energy Department
02Oct 2018

PACE Equity Speaking at Mid-Atlantic PACE Alliance Regional Forum 2018

As part of the 2018 Maryland Clean Energy Summit, Ethan Elser, Sr. will be speaking on an October 8th panel called New or Used: PACE Financing for New Construction vs. Adaptive Reuse as part of the Mid-Atlantic PACE Alliance (MAPA) Regional Forum. PACE Equity financing can be used to fill the capital stack for new construction projects as well as […]
13Sep 2018

PACE Equity Sponsors & Speaks at The Lodging Conference 2018

PACE Equity will be speaking at one of the top hotel industry events in the world, The Lodging Conference, September 24-27. We've pioneered a new and innovative funding solution for hospitality developments and renovations across the United States. We've completed 150 projects nationwide, and our experience breaking new ground earned us an […]
30May 2018

PACE Equity Funds First New Construction CPACE Project in PACE Wisconsin Program

PACE Equity recently completed PACE funding for the development of a new construction multifamily project in Verona, WI, just outside Madison, called Velocity Apartments. This represents the first new construction project approved by the PACE Wisconsin program. The $5.5m capital stack and consisted of a construction loan, developer equity and PACE […]
09May 2018

PACE Equity Funds First New Construction CPACE Project in California

PACE Equity has completed funding for the IHG - Hotel Indigo in Coachella, California. This is a landmark project as it is the first new construction CPACE project in California. PACE Equity financed approximately $7.9 million for the project, which represented 15% of the $51m development cost. Additionally, PACE Equity also provided energy […]

 


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