Boosting Multifamily ROI with C-PACE Financing
A Benchmarking
Buildings Case Study
Equity Warehouse
To reposition a 76-unit apartment building in Baltimore, Equity Warehouse partnered with MD Energy Advisors to finance key capital improvements through a $735,000 C-PACE loan. The fixed-rate, long-term, non-recourse structure included 30 months of interest reserve, enabling project stabilization while significantly lowering the cost of capital and preserving ownership.
Opportunity
Ian Horowitz was looking to efficiently acquire and reposition a 76-unit apartment building inBaltimore City. The property needed updating and the desired improvements included:
• Roof
• Window and door replacement,
• Updated plumbing, kitchen and bathroom fixtures
The improvements would allow for rent growth and keep the property competitive in the market.
Our Solution
MD Energy Advisors structured a $735,000 C-PACE loan that included 30months of interest reserve to allow the project to reach stabilization after the reposition. The term was for 25 years and featured a 25-year amortization. The interest rate was below 6%.
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