First PA multifamily C-PACE projects close in Philly, C-PACE Hits $157MM in total investments

The Southern Land project is for a 329-unit multifamily property in the Callowhill neighborhood at 5th and Spring Garden Streets. This is the largest C-PACE financing in Pennsylvania to date. 

The Riverwards Group Somerset Station project is a 220-unit multifamily property in the Port Richmond neighborhood on East Somerset and Tulip Streets.  This project was the first in Pennsylvania to take advantage of expanded eligibility for multifamily properties.