august 12, 2024
Looking to Recapitalize? Use C-PACE to Breathe Life and Liquidity into Your Project
Bali Kumar
Are you struggling to secure sufficient funds for your projects as construction costs escalate and loans approach maturity?
C-PACE financing can retroactively finance mechanical, electrical, plumbing, and other portions of your project over the past 1-3 years, infusing vital liquidity into projects to fund reserves, cover cost overruns, pay down your mortgage lender, and more.
PACE Loan Group’s recent transaction, a Hyatt House hotel and medical rehab annex in West Chester, Ohio, utilized $17.7 million in retroactive C-PACE to recapitalize existing debt. The C-PACE proceeds were used alongside a new bank lender to finance the build out of the property, which had stalled mid-construction.
See if C-PACE works for your project.
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