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D.A. Davidson Closes $48MM in CPACE Financing for Black Rock Mountain Resort in Utah

December 29, 2022, 07:50 AM
Filed Under: Real Estate

D.A. Davidson’s Special District Group, a nationally recognized team of capital market professionals, closed $48 million in Commercial Property Assessed Clean Energy (CPACE) financing for Black Rock Mountain Resort in Wasatch County, Utah. Building upon the Special District Group’s previous CPACE capabilities, this deal represents the expansion of its CPACE portfolio and reinforces the group’s proven track record across amenity-rich mountain resort and residential communities.

“Black Rock Mountain Resort is primed to become a top-tier destination for recreation, entertainment, vacation, corporate events and more. The resort’s full suite of on-site amenities, coupled with its sustainability minded approach to its facilities, require a financing tool that can fund its green initiatives such as energy efficiency, renewable energy and water conservation improvements,” said Brennen Brown, managing director at D.A. Davidson, Special District Group. “As our partners prioritize smart growth, we look forward to the continued expansion of our CPACE portfolio and our diversified financing capabilities across the nation.”

Located right outside of Park City, Utah, Black Rock Mountain Resort offers luxury accommodations and four-season recreation. The resort is ideally located within 15 minutes of destinations such as Deer Valley Resort, Park City Mountain Resort and the Jordanelle Reservoir, and conveniently within 45 minutes from the Salt Lake City International Airport.

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