Multi-Family Historic Renovation

Project Information

Close Date
November 30, 2015
Total C-PACE Financing
C-PACE Tax Assessment (annual)
20 years
Interest Rate
6.34% (fixed)
Construction Timeline
14 months
C-PACE Administrator
Set the PACE St. Louis

Building Specs

Square Feet
Year Built

Lafayette Lofts
815 Ann Avenue, St. Louis, MO

Lafayette Lofts

Project Summary

RAHILL Capital closed on the C-PACE financing for the historic renovation of a former public schoolhouse (Lafayette School) into 36 apartments  located in the Soulard neighborhood of Saint Louis, MO. The $600,000 special tax assessment enabled 815 Ann to significantly lower its energy and operating costs. The 815 Ann financing is RAHILL’s fifth successfully-closed C-PACE deal in the state of Missouri.

The property owner chose to use C-PACE on this project to reduce developer equity and maximize their ROI.

Qualifying Improvements

  • Interior Lighting (LEDs, CFLs)
  • Lighting controls
  • HVAC Units (13 SEER)
  • White TPO roof with R-11.4 insulation
  • 49.92 kW rooftop solar PV system