News Updates from PACE Equity

18Jun 2021

PACE Lending Allows Hoteliers to Recapitalize Past Projects

PACE Equity Quoted in Recent Article: PACE Lending Allows Hoteliers to Recapitalize Past Projects  Retroactive Lending Gives Hoteliers Liquidity Boost   A recent article from Hotel News Now republished by Co-Star discussed the boom in PACE financing projects in the hospitality industry where developers found themselves with delayed and escalating […]
26May 2021

C-PACE Award for Deal of the Year and Advancing the C-PACE Industry

C-PACE Award for the Deal of the Year and Advancing the C-PACE Industry   We are proud to receive this award for an outstanding renovation project of a former NASA site.  PACE Equity funded $8.5 Million for an Extraordinarily Complex Capital Stack. From historic tax credits and tax incremental financing to environmental grants and PACE Equity, we […]
19May 2021

$1.4 Million from PACE Equity to Fuel Business Growth

Badger Packaging | West Bend, WI   Owner uses PACE Equity to Expand & Renovate Industrial Facility for Business Growth.    
24Feb 2021

$5 Million Low-Cost Funding for New Flagship JW Marriott

JW Marriott | Dallas, TX   This new construction hotel for Marriott Corporation will benefit from reduced WACC as PACE Equity replaces mezzanine equity.    
17Feb 2021

$4.6 Million and 30-year Term Financing for New Construction Hotel

Holiday Inn Express | Hollister, CA   PACE Equity finances 25% of the capital stack leveraging Fast Track™ Funding process.    
19Jan 2021

$3.6 Million Covers Cost Overruns and Liquidity Needs

Cambria Hotel | Shelby Charter Township, MI   This 98-room hotel wanted to maximize funding even as the Certificate of Occupancy was being provided because of construction cost overruns and needed liquidity.    
13Jan 2021

$4 Million for Class A Multifamily Keeps Owner Equity 100% Internal

6200 Penn | Minneapolis, MN   PACE Equity’s deep knowledge of the Minnesota statutory requirements allowed this developer to meet all state goals without design changes. They use their preferred design while also securing 11% of the project funding with a low-cost and non-recourse loan.    
06Jan 2021

$2.9 Million from PACE Equity Helps Developer Own Larger Percentage of Project

Indigo Hotel | Silverthorne, CO   This new construction Indigo Hotel used PACE Equity to avoid additional investor equity while we managed the funding process from end to end.      
15Dec 2020

$8.5 Million from PACE Equity Funds Complex Capital Stack for Renovation of Former NASA Site

Former NASA Buildings | Columbus, OH An historic renovation and development project PACE Equity: $8.5 million  Former NASA sites now offer multifamily housing and hotel stays. From historic tax credits and tax incremental financing to environmental grants and PACE Equity, we worked with the developers of two former National Aeronautics and Space […]
08Dec 2020

Owner Leveraged Previously Installed Renovations to Fund $1.5 Million of this Office Building Refinance

Clark Office Building | Milwaukee, WI Retroactive refinancing PACE Equity:  $1.5 million Office building renovation and rooftop solar installation   This downtown office building and adjacent parking rooftop solar project used a unique strategic approach for a global refinance by leveraging completed renovations 2 years after they were complete.  
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