CAPITOL DISTRICT MIXED USE PROJECT - Petros PACE Finance Provides $24.9 Million in C-PACE Financing for Omaha Redevelopment
CAPITOL DISTRICT MIXED USE PROJECT - Petros PACE Finance Provides $24.9 Million in C-PACE Financing for Omaha Redevelopment
2 PagesPetros PACE Finance Provides $24.9 Million in C-PACE Financing for Omaha Redevelopment CASE STUDY: CAPITOL DISTRICT MIXED USE PROJECT Project Highlights THE FUTURE OF C-PACE FINANCE • THE CERTAINTY OF CLOSE $24.9 Million C-PACE Loan $28.2 Million Cumulative Savings Largest C-PACE Loan in U.S. in 2018 THE NEEDS • Comprehensive building envelope upgrade • High-efficiency HVAC units with controls • Efficient lighting with controls • Elevators • Water fixtures and heaters • Building automation controls The Metropolitan and Convention Authority chose Shamrock Development Inc. to redevelop a two-block site in downtown Omaha as part of a larger urban renewal effort. Shamrock wanted to secure take-out financing for the mixed use project to help ensure long-term stability for their desired cap
