Updated Jun 30, 2025
Nuveen Green Capital Provides $6.5M C-PACE Loan To Lansing Melbourne Group For Trenton Mill Lofts
612 West Main Avenue
$6,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 26, 2025
About this deal
AI
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.
On the Map
$6,500,000
MultiFamily
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Players
Gastonia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93