Cory Jubran & Aidan McLaughlin Of Nuveen Green Capital Provide $15M Loan For Multifamily Project In Rexburg

The property asset involved in the transaction is a multifamily development located at 577 Trejo Street in Rexburg, ID. The project consists of 360 units with a total square footage of 300,000. The loan amount secured for the construction is $15,000,000, structured over a term of 30 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Loan Type: Construction
• Loan Terms: 30 years
• Lender: Cory Jubran & Aidan McLaughlin - Nuveen Green Capital
• Landlord: Sweetwater Companies

The Nuveen Green Capital deal team, led by Cory Jubran and Aidan McLaughlin, facilitated the $15 million in C-PACE financing as part of the funding for the construction project, in collaboration with Sundance Bay, who provided the remaining financing. The C-PACE financing helped lower the overall cost of capital by acting as a synthetic A-note, incorporating various sustainability measures including building envelope, MEP systems, and water conservation measures.