Eyzenberg GreenCap funded a C-PACE loan to recapitalize a 170-key luxury resort hotel midst renovation.
Challenges
Client was desired to bring in fresh low-cost capital, to pay for underway property improvements, instead of doing a capital call to existing investors.
Solutions
Eyzenberg GreenCap worked with the Owner of this historic resort to finance energy upgrades and improvements to the property. By fully analyzing the budget and cost timeline, a retroactive C-PACE loan obviated the need for new equity from current ownership. Eyzenberg GreenCap worked expeditiously to accommodate a short time line and a year-end close.
