Dreamscape secures $176.5 million CPACE loan for Rio Las Vegas
Dreamscape Companies secured a $176.5 million Commercial Property Assessed Clean Energy loan from Peachtree Group for the Rio Hotel & Casino in Las Vegas. The financing allows Dreamscape to repay a senior term loan and reimburse completed project costs; Peachtree said it was the largest CPACE transaction in its history.
The loan refinances debt tied to a casino hotel and reimburses completed project costs.