Newsletter-Early-Week

Redevelopment of a Minnesota hospital into modern apartments receives over $2 million in low-cost financing

PACE Equity, the leader in PACE financing for development projects, financially supported the redevelopment of the former Redwood Area Hospital into a 56-unit multifamily project, transforming an unused property into housing opportunities for the Minnesota community.The Red Skye Lofts in Redwood Falls, Minnesota, received $2.2 million in Commercial Property Assessed Clean Energy (C-PACE) refinancing from Milwaukee-based PACE Equity.

Read MoreRedevelopment of a Minnesota hospital into modern apartments receives over $2 million in low-cost financing