ELLIOTT MEST
Hotel Management Magazine | Oct 24, 2018


 

Hotel Management Magazine story on CleanFund's $4.2 million C-PACE funding for a 94-room hotel, which began construction in September in Tracy, Calif, east of San Francisco.

“We were pleased with the way our senior lender, Live Oak Bank, and CleanFund worked together to provide the most accretive financing solution for our new hotel project. We’ve been operating for over 20 years and are excited to have C-PACE as a new financing tool in the capital stack, enabling us to stretch our equity dollars towards acquisition and development of other hotels,” Andy Kotecha, president of RAAD Hospitality, said in a statement.


 

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