Assisted Living – New Energy Efficiency and Resiliency Systems

$3,920,000

20YR TERM FIXED RATE C-PACE FINANCING

$653,187

ENERGY SAVINGS OVER THE LIFE OF THE PROJECT

2,397

Lives Protected

The Atrium at Liberty Park
Cape Coral, FL

The Challenge

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.

The Result

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.

HASRE is partnership between Counterpointe Sustainable Real Estate and Hannon Armstrong.