Illinois Energy Conservation Authority Secures $15.6M Loan For Student Housing Project In Champaign

Located at 28 East Green Street in Champaign, Illinois, a student housing project has secured $15.6 million in C-PACE financing. The construction loan, provided by The Illinois Energy Conservation Authority and Nuveen Green Capital, aims to fund energy-efficient improvements, utility savings, energy conservation efforts, and job creation.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $15,600,000
• Beds: 402
• Acres: 3.73
• Lender: The Illinois Energy Conservation Authority & Nuveen Green Capital
• Loan Type: Construction Loan

The Illinois Energy Conservation Authority and Nuveen Green Capital are the key lenders involved in the project. The student housing development aims to make energy-efficient upgrades, reduce utility costs, and contribute to local job growth. Through the C-PACE financing, this project showcases a commitment to sustainability and efficient resource utilization in the Champaign market.