Los Angeles Office Tower

C-PACE Improvements

The $24 million in PACE financing was used to refinance common area upgrades, efficient HVAC, and modernized elevators installed over the past three years. This freed up funds that can be used to reduce total debt and attract new tenants amid the return-to-office movement. Furthermore, the improvements are aligned with the borrower's mission to implement environmental, social and governance (ESG) principles that will reduce expenses and contribute to a more sustainable environment.