Search our articles by text and/or by date.
Ogilvie Properties of Denver to Utilize C-PACE Financing to Upgrade the Energy Efficiency of its Quebec Street Property
October 28, 2020
Colorado C-PACE announced today that Ogilvie Properties, a Denver-based commercial real estate investment company, will use more than $2.7 million in C-PACE financing to install energy efficiency measures at their office building located in Denver.
Longmont’s New Hilton Garden Inn to Utilize Colorado C-PACE Financing Program
October 22, 2020
Colorado C-PACE announced that Cimarron Hospitality will use C-PACE financing to fund a portion of the capital stack required to complete the construction on a new Hilton Garden Inn in Longmont, Colorado. The four-story hotel includes 105 guest rooms, a dining area, a pool and fitness center, meeting rooms, and laundry services.
New Boutique Hotel in Summit County to Utilize Colorado C-PACE Financing Program
October 13, 2020
Colorado C-PACE announced that the Hotel Indigo in Silverthorne will use C-PACE financing to fund a portion of the capital stack required to construct this new boutique hotel. This is the second new construction hotel project for the Town of Silverthorne to leverage the CO C-PACE program.
Spring Born Will Utilize Colorado C-PACE to Fund Energy Efficiency Measures at its new Greenhouse in Silt, Colorado
October 9, 2020
Colorado C-PACE announced that Charles Barr is leveraging CO C-PACE to fund a portion of the capital stack in the new development of a 165,525 SF state-of-the-art greenhouse. This is the first C-PACE project in Garfield County.
Horizon Motorsports Installs Solar Array and Energy Efficient Measures Using Colorado’s C-PACE Program
September 29, 2020
Colorado C-PACE announced today that Shane Woolery, owner of Horizon Motorsports of Colorado, is using Colorado C-PACE financing to install a 25 kW roof-mounted solar PV array, perform envelope upgrades, and install LED lighting on his building located in Sterling. This is the first project in Logan County to use C-PACE financing.
New Hostel in Summit County to Utilize Colorado C-PACE Financing Program
September 2, 2020
Colorado C-PACE announced today that Rob and Lynne Baer, owners and developers of The Pad Hostel in Silverthorne, CO, will use C-PACE financing to fund 20 percent of the cost to construct their new 26,000 sq. ft. hostel in Summit County.
Fort Collins Health Club Installs New Roof and HVAC Units through Colorado’s C-PACE Program
August 24, 2020
Colorado C-PACE announced that Rodney Steven II of Genesis Health Clubs is using Colorado C-PACE for $1 million in financing to install a new roof with improved insulation and new packaged rooftop units on his building located in Fort Collins.
Rhode Island Infrastructure Bank’s Commercial Property Assessed Clean Energy provides valuable financing for new construction
August 17, 2020
In a new construction capital stack, C-PACE often serves as an alternative to equity, which can be expensive, or mezzanine financing, which may be out of reach for some borrowers.
Infrastructure Bank closes $2.5m loan with Providence Marriott Downtown
August 3, 2020
Rhode Island Infrastructure Bank closed a $2.5 million loan with the Providence Marriott Downtown. The hotel istalled a highly efficient HVAC system along with new controls and LED lighting throughout the facility. The comprehensive upgrades will reduce the hotel’s annual energy expense by almost 40% when compared to their current usage.
Record growth demonstrates value of C-PACE funding
August 3, 2020
Over the last 12 months the Rhode Island Commercial Property Assessed Clean Energy program facilitated a historic high of $58.2 million in financing across nine projects, including three recent closings during the COVID-19 crisis. Recent C-PACE funding has been crucial to implementing projects in healthcare, hospitality, multifamily residential, office space, and manufacturing facilities.