1320 West Jefferson Boulevard
1320 W Jefferson Blvd is a 129-unit student housing development, located blocks from the University of Southern California campus. The property will include 13 low-income units and qualifies for senior funding via a community investments program of the Federal Home Loan Bank of San Francisco.
Sponsor was able to utilize $6,494,438 in C-PACE capital to finance energy efficient development costs including plumbing and seismic improvements.
“We were very pleased to include C-PACE in the development capital stack as it reduced our equity need, and was accretive to our ROI. The Nuveen Green Capital team was a pleasure to work with – efficiently guiding us through our first C-PACE project in addition to getting a new municipality opted in to the C-PACE program.”