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- Barings and Counterpointe Provide $315.5M Financing for Habitat Project in Los Angeles
Barings and Counterpointe Provide $315.5M Financing for Habitat Project in Los Angeles
Slice of Real Estate Team
September 06, 2024
Key Highlights:
Barings provides $160 million construction loan, Counterpointe delivers $155.5 million C-PACE financing.
Habitat to feature creative office, luxury residential, and retail space in central Los Angeles.
Project aims for LEED Gold and Platinum certifications, targeting net-zero carbon emissions.
Completion expected in early 2026, supporting sustainable urban development.
Source (Business Wire)
Notable Quotes:
"We are thrilled to deepen our partnership with Lendlease on this exceptional development, leveraging our in-house expertise in construction lending alongside Counterpointe’s established C-PACE program to offer a customized capital solution."
"Our integrated offering of C-PACE and construction mortgage full stack financing encourages borrowers to construct green buildings and finance sustainable projects."
Our Take:
This financing arrangement reflects a growing trend in combining traditional construction loans with sustainable debt solutions like C-PACE financing. Barings and Counterpointe's partnership highlights a strategic response to the evolving financial landscape, where traditional capital sources have become less available, particularly for large-scale urban developments. By integrating sustainability goals with financial structuring, Habitat represents a model for future developments that prioritize environmental impact alongside economic viability. With net-zero carbon targets and LEED certifications, this project also aligns with the increasing demand for green buildings in urban centers like Los Angeles.