Reviving a Vacant Landmark with $13.1MM in C-PACE Financing

A Benchmarking
Buildings Case Study

Vacant Multi-Family

To convert a long-vacant historic Baltimore office building into 231 apartments with retail and restaurant space, the sponsor turned to our Energy Advisors. We secured $13.1MM in C-PACE financing—filling a critical gap in the $65.1MM capital stack—funding HVAC, envelope, and infrastructure upgrades, and enabling the senior lender to stay within legal limits.

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