Key Takeaways
- • Barings and CounterpointeSRE have provided a $214m construction financing package for a mixed-use project in Washington, D.C., according to PERE.
- • The package includes a $90m C-PACE loan from CounterpointeSRE, with the balance of the $214m comprising senior construction debt from Barings.
- • The project combines residential and retail components, reflecting continued institutional lender appetite for well-located urban mixed-use development in the D.C. market.
Summary
Barings and CounterpointeSRE have arranged a $214m construction financing package for a mixed-use development in Washington, D.C., according to PERE. The deal is structured as senior debt, and the financing includes a $90m Commercial Property Assessed Clean Energy (C-PACE) loan provided by CounterpointeSRE.
The project is a mixed-use asset with residential and retail components. The transaction is categorized under debt and senior lending, indicating that Barings is providing the primary senior construction facility alongside CounterpointeSRE's C-PACE tranche. C-PACE financing allows property owners to fund qualifying energy-efficiency and resilience improvements through a special assessment repaid over time, and is often used to stack alongside senior debt in construction and recapitalization deals.
The article was reported by Samantha Rowan and published by PERE. Source material available for this summary is limited to the primary article, so details such as the borrower, sponsor, loan term, and pricing were not disclosed in the reporting reviewed here.
The project is a mixed-use asset with residential and retail components. The transaction is categorized under debt and senior lending, indicating that Barings is providing the primary senior construction facility alongside CounterpointeSRE's C-PACE tranche. C-PACE financing allows property owners to fund qualifying energy-efficiency and resilience improvements through a special assessment repaid over time, and is often used to stack alongside senior debt in construction and recapitalization deals.
The article was reported by Samantha Rowan and published by PERE. Source material available for this summary is limited to the primary article, so details such as the borrower, sponsor, loan term, and pricing were not disclosed in the reporting reviewed here.
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