CleanFund Provides $21.6M C-PACE Loan For Wildflower Farms Hotel In Hudson Valley, NY

The property involved in the transaction is a hotel located at 2702 Main Street Gardiner in Hudson Valley, NY. The hotel has 65 keys, indicating the number of rooms available for guests. The loan for this transaction was provided by cleanfund''>CleanFund, and the loan amount is $21,600,000. The landlords of the property are Phillip Rapoport and Kristin Rapoport from SY Holdings.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $21,600,000
• Address: 2702 Main Street Gardiner, Hudson Valley, NY
• Market: Hudson Valley, NY
• Lender: CleanFund
• Landlord: Phillip Rapoport & Kristin Rapoport - SY Holdings

This transaction involved the largest C-PACE loan in New York to date. The loan was provided for the construction financing of Wildflower Farms, which is part of the Auberge Resorts Collection. CleanFund's Vice President of East Coast Business Development, Luke Hingson, can provide more information about how New York landlords and developers can benefit from C-PACE financing. He can be reached at luke.hingson@cleanfund.com.