Petros Pace Finance Closes Largest C-Pace Deal In History With $153 Million Financing Towards $820 Million Black Desert Resort Project
Amount Raised
$153 Million
Round Type
Funding Round
AustinInformation TechnologyFinanceFintechDescription
Petros PACE Finance (Petros), the largest C-PACE provider in the country and a leader in innovative and structured finance, today announced that it has closed on a record $153 million C-PACE financing as part of the $820 million, 580-acre world-class development, Black Desert Resort Project in Ivins, Utah. Located near Zion National Park in one of the fastest growing metropolitan areas in the country, Phase 1 of Black Desert Resort will include a luxury resort hotel, approximately 1,000 condos, 190,000 square feet of retail, restaurants, and commercial space, 25,000 square feet of event space, a full clubhouse, and a Tom Weiskopf-designed 19-hole golf course. The development is currently under construction and upon completion will be the largest hospitality offering in the state of Utah. Phase I of the project is set to open in the fall of 2024.
Quick answer
Petros PACE Finance raised $153 Million in a Funding Round round, dated October 3, 2022. Petros PACE Finance is based in Austin, Texas, United States.
- How much did Petros PACE Finance raise?
- Petros PACE Finance raised $153 Million in a Funding Round round on October 3, 2022.
- What does Petros PACE Finance do?
- Petros PACE Finance is a national leader in providing low-cost, long-term commercial PACE financing, which allows commercial property owners to retrofit their buildings with renewable energy and energy efficient systems..
- Where is Petros PACE Finance based and how big is it?
- Petros PACE Finance is based in Austin, Texas, United States. Fundz records about 47 employees.
- Who are the decision-makers at Petros PACE Finance?
- Fundz holds 1 contact at Petros PACE Finance. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Finance and Fintech around the same time
Companies in the same sectors as Petros PACE Finance that raised within 45 days of this round, from Fundz verified event records.
- ZSuite Technologies, Inc. raised $11M (Series A) on November 17, 2022.
- Prosper Marketplace raised $75M (Funding Round) on November 17, 2022.
- Blnk raised $32M on November 10, 2022.
- InterPrice Technologies raised $7.3M (Series A) on November 2, 2022.
- Retirable raised $6M (Funding Round) on November 1, 2022.
- Money Fellows raised $31M (Funding Round) on October 31, 2022.
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Related People
Petros PACE Finance raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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