Nuveen Green Capital Provides $68.6 Million Loan For The Meuse Hotel And Retail Development
1413 North Us Highway 87 & 1238 West Us Highway 290
$68,600,000
Building Size
—
Asset Type
Hotel
Closing
Sep 30, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use development named The Meuse, which encompasses hotel and retail spaces. It is located at 1413 North US Highway 87 & 1238 West US Highway 290 in Fredericksburg, Texas. The deal involved a financing amount of $68,600,000 for ground-up construction.
Summary of transaction details:
- Property Type: Hotel & Retail
- Transaction Amount: $68,600,000
- Lender: Sean Ribble, Joseph Zhong, Nicola Manware & Catherine Neave - Nuveen Green Capital
- Loan Type: C-PACE
- Date: 09/30/2026
Nuveen Green Capital executed the first C-PACE transaction in Fredericksburg, structured in tranches to coincide with construction timing and minimize interest costs. This financing was complemented by EB-5 funding, providing additional diversification in the capital stack while ensuring the sponsor's equity remained undiluted.
On the Map
$68,600,000
Hotel
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93