Case Studies

$7.8 million in CleanFund C-PACE financing for the energy, water and related infrastructure improvements.

Filling a critical gap in project’s capital stack and lowering the overall weighted average cost of capital, the $1.1 MM was disbursed in one lump sum reimbursement to the owner.

With CleanFund’s financing enabling a lower cost of capital, the redevelopment project was able to include the ‘green’ attributes that today’s hospitality guests demand.

C-PACE as an ideal solution to fill the $4.3 million construction financing gap and lower the weighted average cost of capital.

Lower utility costs with the project’s investment in efficiency make the luxury apartments appealing to tenants with an annual projected savings of $2 million.

The building’s energy efficiency will improve by 12% with an annual CO2 reduction of 1,384 tons, the equivalent to taking 296 gas-powered cars off the road for a year.