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The capital will be paired with a $41.1m senior loan from Hall Structured Finance to develop Uphoff Ventures’ 208-room Dellshire Resort.
Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.
The $76.2m package will refinance a luxury hotel in Santa Fe, New Mexico.
The private equity manager is taking a minority stake in North Bridge as part of the deal.
The live-work development’s funding includes a $155.5m C-PACE component.
Sustainable office properties are gaining favor with tenants, but financing the conversions remains difficult for small- and mid-market owners.
Demand for C-PACE financing is set to increase as US cities introduce stricter environmental rules for real estate.
Commercial real estate owners are making increasing use of the public-private sustainable financing mechanism in a liquidity-constrained market, says Nuveen president and CEO Jessica Bailey.
More C-PACE records are being set as sponsors seek lower-cost capital for construction and retrofit projects.
Six insurance firms allocated $525m to finance energy efficiency and sustainability projects.