Hospitality

Project Information


Close Date
December 21, 2017
Total C-PACE Financing
$4,540,000
C-PACE Tax Assessment (annual)
$426,595
Term
20 years
Interest Rate
6.23% (fixed)
Construction Timeline
13 months
C-PACE Administrator
Set the PACE

Building Specs


Square Feet
46,959
Year Built
1907/2018

Hotel Indigo St. Louis
501 Olive Street, St. Louis, Missouri

Hotel Indigo St. Louis

Project Summary

RAHILL Capital closed on financing for a Hotel Indigo in St. Louis, Missouri. The $4,540,000 C-PACE financing enabled ViaNova Development to supplement a bank loan, historic tax credits, and owner equity in the capital stack for the rehabilitation of a historic office building into a new hotel with rooftop bar. The Hotel Indigo St. Louis financing is RAHILL’s twelfth successfully closed C-PACE transaction.

The property owner chose to use C-PACE financing to improve ROI and reduce developer equity.

Qualifying Improvements

  • LED Lighting
  • Building Envelope
  • More Efficient Elevator
  • HVAC and Boiler Upgrades