Multi-Family Historic Renovation

Project Information


Close Date
November 30, 2015
Total C-PACE Financing
$609,772
C-PACE Tax Assessment (annual)
$56,374
Term
20 years
Interest Rate
6.64% (fixed)
Construction Timeline
11 months
C-PACE Administrator
Set the PACE St. Louis

Building Specs


Square Feet
74,134 
Year Built
1985

4525-4538 Olive Street, St. Louis, MO

4528 Olive St

Project Summary

RAHILL Capital closed on the C-PACE financing for a mixed-use property with 33 residential units and one commercial retail unit located in the Central West End neighborhood of Saint Louis, MO. The $609,772 special tax assessment enabled 4534 Olive to significantly lower its energy and operating costs. The 4534 Olive financing is RAHILL’s fourth successfully-closed C-PACE deal in the state of Missouri.

The property owners wanted to optimize the energy efficiency attributes of the building and fund corresponding energy conservation and maintenance savings measures.

Qualifying Improvements

  • Interior Lighting (LEDs, CFLs)
  • 33 H/E direct expansion (DX) split system HVAC Units (13 SEER)
  • 2nd Floor Concrete Finished Floors
  • Concrete Exterior Decking
  • Fiber Cement Board Exterior Siding