Mag Mile Capital Arranges $5,675,000 Senior Loan with CPACE for an Adaptive Reuse Project in Minneapolis, MN

Embracing Sustainable Development

Mag Mile Capital, Inc. Burlap Lofts MINNEAPOLIS, Oct. 25, 2023 (GLOBE NEWSWIRE) — Mag Mile Capital (OTC: MMCP) proudly announced that Cody Harper, VP of Originations, arranged $5,175,000 of senior debt financing from a Minnesota-based bank and an additional $500,000 of commercial property assessed clean energy (“CPACE”) financing on behalf of CDT Realty Corporation. This financing will support an adaptive reuse project in Minneapolis, MN, demonstrating a commitment to sustainable development.

Environmental Impact

This innovative approach to financing not only helps to revitalize existing properties but also promotes energy efficiency and environmental sustainability. By utilizing CPACE financing, the project will incorporate energy-efficient features that will reduce its carbon footprint and contribute to a more eco-friendly community.

Social Impact

Adaptive reuse projects have the potential to breathe new life into disused buildings, creating vibrant spaces for people to live, work, and play. By investing in these projects, Mag Mile Capital is not only supporting economic growth but also fostering a sense of community and connection among residents of Minneapolis.

Economic Impact

With the support of senior debt financing and CPACE financing, the adaptive reuse project in Minneapolis will not only create jobs during the construction phase but will also generate long-term economic benefits for the local community. By repurposing existing structures, the project will contribute to the overall economic development of the area.

How This Will Affect Me

As a resident of Minneapolis, you may benefit from the adaptive reuse project arranged by Mag Mile Capital. The revitalization of existing buildings will create new opportunities for living, working, and enjoying recreational activities in a sustainable and community-oriented environment.

How This Will Affect the World

The commitment to sustainable development demonstrated by Mag Mile Capital’s financing of the adaptive reuse project in Minneapolis sets a positive example for other investors and developers worldwide. By prioritizing environmental and social impact alongside economic return, this project contributes to a more sustainable future for all.

Conclusion

The collaboration between Mag Mile Capital, CDT Realty Corporation, and the Minnesota-based bank for the adaptive reuse project in Minneapolis showcases the power of innovative financing solutions to drive sustainable development. By investing in projects that prioritize environmental and social impact, we can create a better future for ourselves and future generations.