Petros PACE Finance and Lone Star PACE Facilitate $3.6 Million in C-PACE Financing for Denton Industrial Complex [Yahoo! Finance]
Apollo Global Management, Inc. (New) (APO)
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Source: Yahoo! Finance
the country, alongside Lone Star PACE , the leading administrator of C-PACE financing in Texas, today announced the closing of a $3.6 million C-PACE assessment for a six-building industrial development in Denton. The 107,000-square-foot project will deliver modern, flexible industrial space to support the region's continued population and business growth. The sponsor is leveraging C-PACE financing to fund the energy-efficient building envelope and lighting systems. These measures are projected to reduce energy usage by 37% annually, significantly lowering operational costs while improving long-term asset performance. Andy Weber, VP Originations at Petros PACE Finance, said, “This closing reflects the flexibility of C-PACE financing as a tool to enhance the capital stack and improve overall project economics, while underscoring Petros' role as a committed partner to property owners and developers. Our expertise allows us to structure solutions that meet specific financing needs and
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