PACE Equity Provides $5.1 Million C-PACE Financing For The Travis Building In San Antonio

The Travis Building is a newly constructed multifamily apartment complex located at 405 North Saint Mary's Street in San Antonio. The asset consists of one- and two-bedroom units and includes amenities such as a fitness center, business center, and onsite laundry. The building was completed in 2023.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,100,000
• Lender: PACE Equity
• Loan Date: 08/29/2024
• Market: San Antonio

PACE Equity issued C-PACE financing for the transaction, amounting to $5.1 million. This funding supports the development of the Travis Building, contributing to the growth of multifamily housing in downtown San Antonio.