Project Information

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

Building Specs

Square Feet
Year Built

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