Nuveen Green Capital Provides $6.5M C-PACE Loan To Lansing Melbourne Group For Trenton Mill Lofts

The asset involved in the transaction is the Trenton Mill Lofts, a multifamily property located at 612 West Main Avenue, Gastonia, NC. The total loan amount for this property is $6,500,000. This loan represents North Carolina’s first-ever C-PACE-financed project.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $6,500,000
• Address: 612 West Main Avenue
• Market: Gastonia, NC
• Lender: Nuveen Green Capital
• Landlord: Peter Flotz - Lansing Melbourne Group
• Broker: Hal Kempson - Avison Young

This transaction highlights the involvement of Nuveen Green Capital, which provided the financing, and Lansing Melbourne Group, represented by Peter Flotz, as the landlord. The transaction was facilitated by Hal Kempson from Avison Young, playing a pivotal role in bringing this financing opportunity to fruition.