June 22, 2022
Twain Financial Partners has received national recognition for its role in a project aimed at breaking down the “Delmar Divide” in St. Louis.
C-PACE Alliance, a national business association focused on clean energy and resiliency financing, has honored Twain as its “Public Benefits Deal of the Year – Small Transactions” winner for Twain’s financing of the Elevation Workspace project.
Elevation Workspace is a mixed-use development located at 4741 Delmar in the Fountain Park neighborhood. The project will convert a 30,000-square-foot historic warehouse building into a mix of retail and affordable coworking office space. The workspace plans to host business lectures, classes, and networking events focused on assisting minority business owners.
Twain contributed to the workspace by providing PACE financing for multiple measures to improve the building’s energy efficiency, including building envelope, windows, HVAC, and lighting. PACE, or property assessed clean energy, provides developers low-cost, long-term financing for energy efficiency, renewable energy, and water conservation improvements.
We are excited to invest in a project just three miles from our headquarters in St. Louis. This deal will make a big impact for the neighborhood as well as local entrepreneurs looking for affordable and flexible workspace with built in networking opportunities,”
Karl Koch, business development officer at Twain