Chapman served as underwriter's counsel to a leading global financial institution in a $103 million municipal bond transaction, the proceeds of which will be used to renovate and reposition a hotel and conference center in California. The unique financing combined $26 million of tax-exempt commercial property assessed clean energy (C-PACE) bonds with $77 million of tax-exempt mortgage revenue bonds. The transaction team included partners Hillary Phelps, David Sykes, and Larry White.
This matter reflects Chapman's continued innovation in the C-PACE sector and follows several noteworthy transactions, including a $108 million financing for AREA15 in Las Vegas, named 2025 PACESetter Innovative Deal of the Year ($50M+) by PACENation, and a $172 million 144A municipal bond offering secured by a C-PACE assessment on the PG&E corporate headquarters in Oakland, California, named 2024 PACESetter Innovative Deal of the Year ($50M+) by PACENation.
