News & Events
CounterpointeSRE Provides $4.33 Million in C-PACE Financing to Improve Energy Efficiency at Kirkbride Center in Philadelphia
CounterpointeSRE (Counterpointe Sustainable Real Estate) announced today that it has closed $4.33 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the Kirkbride Center, a 17-acre healthcare and social service campus with a National Historic Landmark status owned by CoreCare Systems, Inc. in West Philadelphia dedicated to providing behavioral health and residential services for those in need.
CSRE’s Eric Alini and PACE Nation’s Colin Bishopp comment on the growth of the C-PACE industry in this Wealth Management News piece addressing the financing tool’s rise in popularity and the launch of the New York City program, which is expected to further catapult the use of the structure.
From CSRE: The firm recently hired Mary-Stuart Freydberg as Head of ESG Research and Executive Director Retrofit Transactions and Evelyn Giaccio as MD and General Counsel. Existing directors have been promoted, with Devesh Nirmul and CJ DeSantis supporting business development and Taimur Jamil heading Project Finance to capitalize on his expertise in renewable energy. In March, the firm announced Douglas P. Harmon, a veteran in bridge and permanent CRE lending, as MD and Head of Principal Transactions.
By Gail Kalinoski, Multihousing News: CSRE’s recent financing of senior housing/care facilities in Littleton, CO and Houston, TX as well as commentary from Managing Partner, Eric Alini feature in this Multihousing News piece by Gail Kalinoski. “Both transactions were examples of the kinds of C-PACE multifamily financing deals that were keeping CounterpointeSRE and other green energy lenders busy since the onset of the pandemic.”
By Kari Lydersen, Energy News: A massive pork processing plant in a small Illinois town is powered by solar thanks to CSRE’s commercial PACE financing — a first for the company, and for Illinois, and an example that advocates hope will inspire other industries to embrace the form of financing for clean energy projects.
CSRE Closes $4.6 Million in C-PACE Financing for Amped Kitchens as Part of NMTC Financed Gut Rehabilitation
By CSRE: The firm announced today that it has provided $4.6 million in C-PACE funding in support of completed energy-efficiency work at the recently opened Amped Kitchens Chicago facility on Chicago’s Northwest Side in the Belmont-Cragin neighborhood. The funding was provided through the Chicago PACE program.
By CSRE: Energy efficiency and water conservation measures planned for 100+ bed senior housing community qualify StoneCreek of Copperfield for private funding through Texas PACE program.
By CSRE: Connecticut-based national lender boosts “Poway Outpost” capital stack to nearly 75% LTV by deploying PACE financing as a midstream capital solution amid COVID disruptions.
By Multi-Housing News: Eric Alini, the managing director at CounterpointeSRE, a firm that specializes in financing energy retrofits, spoke to Multi-Housing News about the specifics and benefits of C-PACE financing. He also discussed how this alternative finance tool focused on sustainability can fill in the gap and strengthen the capital stack.