News 12/03/2019

Chicago PACE Closes It’s First Deal

Luxury hotel on La Salle to get $21M in city-backed financing to save energy. The new PACE program’s first loan will go to the $118 million Reserve hotel project. Chicago PACE is administered for the city’s Department of Planning and Development by a private partnership called Loop Counterpointe PACE, a joint venture of the investment bank Loop Capital Markets and Counterpointe Energy Solutions. Read the full article from the Chicago Sun-Times here.