Hospitality

Project Information


Close Date
 December 18, 2017
Total C-PACE Financing
$1,602,500
C-PACE Tax Assessment (annual)
$155,952
Term
20 years
Interest Rate
6.43% (fixed)
Construction Timeline
12 months
C-PACE Administrator
Show Me PACE

Building Specs


Square Feet
74,502
Year Built
1922/2018

Hotel Indigo – Kansas City
2020 Grand Blvd, Kansas City, MO

Hotel Indigo Kansas City

Project Summary

RAHILL Capital closed on C-PACE financing for a Hotel Indigo in Kansas City, Missouri. The $1,602,500 C-PACE financing enabled Abbott Properties to close the funding gap on its redevelopment a historic office building into a hotel. The Hotel Indigo Kansas City financing is RAHILL’s eleventh successfully-closed C-PACE transaction.

Using C-PACE on this developer allowed the owner to close the gap in the capital stack between his senior loan financing and owner equity.

Qualifying Improvements

  • LED Lighting
  • Insulated White Roof
  • Building envelope improvements
  • HVAC Upgrades