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CASE STUDY

No. 15 Louisville

Renovation of a former distillery into a new social hall

LordCap Green successfully provided $3.5M towards the gut rehab of the historic No. 15 Lousiville.

LordCap Green successfully provided $3.5M towards the gut rehab of the historic 121 W. Main Street, a renovation project of a former distillery into a new social hall named “Number Fifteen”.

Once complete, the six-story W.L. Weller building will bring in craft distillers and brewers, musicians and chefs from across Kentucky, as well as offering a private suite and basement sports bar. The name of the venue, Number Fifteen, is a reference to Kentucky being the 15th state to join the union. It is set to open in spring 2023 – in time for the Derby.

The financing is provided by LordCap Green through the partnership with Energize Kentucky, Kentucky’s C-PACE program. Through C-PACE (“Commercial Property Assessed Clean Energy”), the borrower was able to access low-cost, long-term capital by rewarding verifiable efficiency and conservation savings. 

$3.5 M

in LordCap Green Financing (LCGF)

Property Type

Commercial

Improvement

Gut Rehab

Term Length

23 Years

Capital Stack

Senior $5.75M
LCGF     $3.5M
Equity   $4.5M

CONNECT WITH US TODAY

Speak with one of our experts to learn more about financing your project.

CONNECT WITH US TODAY

Speak with one of our experts to learn more about financing your project.

CASE STUDY

No. 15 Louisville

Renovation of a former distillery into a new social hall
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