Assisted Living – New Energy Efficiency and Resiliency Systems
20YR TERM FIXED RATE C-PACE FINANCING
ENERGY SAVINGS OVER THE LIFE OF THE PROJECT
With market conditions causing higher material costs, the property owners were looking for a cost-effective way to fill the construction financing gap and lower the cost of capital for the overall project.
The HASRE Solution
A long term, fixed rate $3.92 million C-PACE assessment that covered major energy efficiency and resiliency systems, including – LED lighting, HVAC, roofing, windows and building envelope construction.
With C-PACE lowering the cost of capital and the amount of equity needed for the project, the property owner is able to achieve its return hurdle and build out much-needed energy efficient, environmentally friendly senior living and memory care facility.