623 N. Santa Fe Drive
Opportunity
The Santa Fe Drive development is the largest C-PACE project to close in the state of Colorado and will leverage $9.9M of C-PACE financing in its capital stack. The ground-up construction project will utilize C-PACE to finance solar, roofing, windows, insulation, lighting, plumbing, boiler, chiller and elevators.
Property Summary
623 N. Santa Fe Drive is a 5-story, mixed-use, multi-family condominium and retail development project in Denver, CO. The 123-unit condo project will include 11,000 sq. feet of ground-floor retail space.
“C-PACE financing helped us fill an integral gap in our capital stack while lowering our overall cost of capital. In addition, the Nuveen Green Capital team was a pleasure to work with – maneuvering through the complexities of this large condo project and managing important timelines effectively.”
– Leonard Taub, President, First Stone Development
Total Project Cost ($)
C-PACE Financing ($)
Term (Years)
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