Flatiron Heights is a 5-story historic office building constructed in 1911. Situated in Chattanooga's City Center neighborhood, the property is a half mile from Chattanooga's Riverwalk, which includes the Bluff View Art District and other local landmarks. Upon completion, the office building will be converted to 15 condominiums and 15,000 square feet of retail/office space.
Highlights
Pathway Lending funded this C-PACE transaction through FASTPACE. The $997,000 financing was the first C-PACE loan completed under the City of Chattanooga's C-PACER program. Pathway Lending was able to complete the financing with their one-person energy efficiency lending team thanks to the FASTPACE platform.
Project Scope
The sponsor used C-PACE to take out an existing loan and to support the installation of multiple energy and water conservation measures, including LED lighting, heat pumps, and low-flow plumbing fixtures.