Advancing the C-PACE Industry

Greenworks Lending for the redevelopment of the historic DuPont Building, the first C-PACE project in Delaware. The former DuPont company headquarters building — which was constructed in 1908 and occupies entire city block — is being converted into a hotel, apartments, a theatre, retail space, and office space. Greenworks Lending’s $7 million in C-PACE financing filled a gap in a complex capital stack that included a mortgage in a commercial mortgage-backed security, condo parcels, and historic tax credits. The DuPont Building was the first C-PACE project in Delaware.

Print Friendly, PDF & Email