Reducing Equity Requirements for Office Development with C-PACE
A Benchmarking
Buildings Case Study
1111 Key Highway
To support the development of a new office building in Baltimore’s Riverside neighborhood, Goodier Properties worked with our Energy Advisors to reduce equity needs. We structured a $950,000 C-PACE loan to finance building envelope components—improving project returns and optimizing the capital stack.
Opportunity
Jon Selfridge, Vice President of Goodier Properties, was looking to develop an office building in Baltimore’s Riverside neighborhood.Selfridge was looking to reduce the amount of sponsor equity required to exceute the project.
Our Solution
MD Energy Advisors structured a $950,000CPACE loan that will reduce the amount of sponsor equity and will be used to finance sections of the building envelope including doors, windows, wall and roof assemblies and supporting structures.
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