Inland Green Capital Closes Last Quarter With More Than $3 Million in PACE Bonds in Kentucky, California, Florida and Missouri
March 21, 2016
Oak Brook, Ill - Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced today the closing and funding of more than $3 million in Property Assessed Clean Energy (“PACE”) bond transactions. Inland Green Capital provided the capital for an array of energy-efficiency projects for commercial real estate properties across four different states.
PACE provides property owners with financing through local and state government municipalities for energy-efficiency, renewable energy and water conservation projects. Inland Green Capital provides 100 percent of the project costs with no personal liability to the Property Owner. The funding is repaid by a special assessment that is part of the property’s real estate tax bill. Since the security is in the form of a special assessment, the PACE financing stays with the property until paid in full. Inland Green Capital is funding PACE projects throughout the country.
“We are pleased to have closed on these PACE projects that help commercial property owners upgrade their properties with environmentally-conscious features,” said Mark Pikus, senior vice president of Inland Green Capital. “We’re actively seeking additional opportunities to provide capital for PACE projects and to assist program administrators with start-ups and expansions throughout the country.”
Inland Green Capital partnered with the Greater Cincinnati Energy Alliance to close the first PACE transaction in the state of Kentucky for the installation of solar panels on an approximately 92,000-square-foot senior living community in Covington.
In California, Inland Green Capital worked with Samas Capital to fund the purchase and installation of solar panels on an approximately 28,000-square-foot office building in Anaheim.
Partnering with Missouri Clean Energy District, Inland Green Capital provided more than $1.7 million in financing for energy-efficiency improvements for an over 152,000-square-foot downtown Kansas City office building that had an aging HVAC system. The improvements made on the building were essential for the long-term viability of the building.
Additionally, through its collaboration with S.E.L.F (Solar Energy Loan Fund), Inland Green Capital provided PACE funding for the installation of solar panels on an approximately 20,000-square-foot retail building located in Fort Pierce, Florida.
PACE provides property owners with financing through local and state government municipalities for energy-efficiency, renewable energy and water conservation projects. Inland Green Capital provides 100 percent of the project costs with no personal liability to the Property Owner. The funding is repaid by a special assessment that is part of the property’s real estate tax bill. Since the security is in the form of a special assessment, the PACE financing stays with the property until paid in full. Inland Green Capital is funding PACE projects throughout the country.
“We are pleased to have closed on these PACE projects that help commercial property owners upgrade their properties with environmentally-conscious features,” said Mark Pikus, senior vice president of Inland Green Capital. “We’re actively seeking additional opportunities to provide capital for PACE projects and to assist program administrators with start-ups and expansions throughout the country.”
Inland Green Capital partnered with the Greater Cincinnati Energy Alliance to close the first PACE transaction in the state of Kentucky for the installation of solar panels on an approximately 92,000-square-foot senior living community in Covington.
In California, Inland Green Capital worked with Samas Capital to fund the purchase and installation of solar panels on an approximately 28,000-square-foot office building in Anaheim.
Partnering with Missouri Clean Energy District, Inland Green Capital provided more than $1.7 million in financing for energy-efficiency improvements for an over 152,000-square-foot downtown Kansas City office building that had an aging HVAC system. The improvements made on the building were essential for the long-term viability of the building.
Additionally, through its collaboration with S.E.L.F (Solar Energy Loan Fund), Inland Green Capital provided PACE funding for the installation of solar panels on an approximately 20,000-square-foot retail building located in Fort Pierce, Florida.