LATEST ARTICLES

• Daily Herald Business Ledger : Make way for commercial PACE funding in Illinois

  http://www.dailyherald.com/business/20170907/make-way-for-commercial-pace-funding-in-illinois 

  Daily Herald Business Ledger 

  By: Mark Pikus

  September 7th, 2017

• SELF: Residential PACE Now Available in St. Lucie County

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• Commercial Property Executive: Hunting Greenbucks

  https://www.bluetoad.com/publication/?i=397990#"{issue_id:397990,page:20}"

  Commercial Property Executive

  April 2017

• Multi-Housing News: Setting the PACE

  https://www.mydigitalpublication.com/publication/?i=343908&utm_source=Wh...{"issue_id":343908,"page":34} 

   

  Multi-Housing News

  October 2016

• PACE Financing Fosters Redevelopment

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• Inland Green Capital Provides Capital for Three PACE Projects in FL
  

  Inland Green Capital LLC, in collaboration with Solar and Energy Loan Fund (SELF) and the St. Lucie Board of County Commissioners, provided capital for three PACE transactions in the city of Fort Pierce.

  A 3,344 SF retail center utilized PACE as a financing tool for energy-efficiency upgrades to doors, windows, hurricane shutters, an improved HVAC system, and roof. A 1,076 SF residential building received financing to improve the outdated HVAC as well as the roof and windows. Additionally, Inland Green Capital provided PACE capital for a 20,000 SF commercial building which will be used to update lighting and its existing HVAC system.

  Through the use of PACE financing, all Borrowers had no upfront costs related to the improvements. Due to PACE being a land-secured assessment, repayment is structured over time as part of the buildings’ annual tax bill and not an obligation of any person.

• Inland Green Capital Provides $1.6 Million in PACE Financing for Office in Missouri
  

  Inland Green Capital provided PACE financing in the amount of $1.6 million for energy-efficient improvements on a seven-story office building in downtown Kansas City. PACE administrator, Missouri Clean Energy District collaborated with Inland Green Capital to update the 105,000 square-foot property’s aging HVAC system. Additional improvements include upgrading the controls and infiltration repair.

  Through the use of PACE financing, the Borrower receive 100% financing for the costs and will repay the total amount through a special assessment which is part of the property’s real estate tax bill. The repayment will span over 15 years and stays with the property. PACE financing required no personal liability for the repayment.

• Inland Green Capital Provides Financing for PACE Improvements for CA Office
  

  Inland Green Capital LLC, in collaboration with PACE administrator, Samas Capital, provided a $492,052 PACE bond to facilitate the funding of solar panels on a 28,093 SF, two-story office building in Anaheim, California. The financing funded 100% of the costs of the transaction.

  The PACE financing was provided up-front and will be funded as the construction/ installation progresses for the improvements. The loan will be repaid in the form of a special assessment on its tax bill over 10 years. The amount owed is secured by the property with no personal guarantees of any kind.

  Samas Capital was able to coordinate the local contractors, while Inland Green Capital provided the necessary capital allowing the building to proceed with the energy efficiency enhancements.

• Inland Green Capital Finances First Ever Commercial PACE Transaction in Kentucky with Ivy Knoll
  

  Inland Green Capital LLC, through the Greater Cincinnati Energy Alliance, made history by providing capital for the first PACE transaction in the state of Kentucky. Ivy Knoll Senior Living Community in Covington became the first private property owner to have received 100% financing in the amount of $784,236, enabling the 7-story, all electric building to benefit from several energy-efficient improvements. These benefits will include solar panels, automated heating and cooling for each of the residents’ units, and LED lighting throughout.

  By using PACE financing, Ivy Knoll was able to borrow 100% of the costs and will repay the amount as a voluntary special improvement assessment on its property tax bill, which runs with the property and not with the individual property owner.

  Additionally, because of its flexible capital, Inland Green Capital was able to provide interim, unsecured financing to the property owner to commence the renovations pending the closing of the ultimate PACE transaction, without the typical underwriting parameters of a conventional banking source. PACE financing did not require any personal guaranty!

  The successful completion of the first PACE transaction in the state was largely due to the collaboration and expertise brought on by Greater Cincinnati Energy Alliance as the program administrator.

• Hear Art Rendak Discuss Financing Solutions for Commercial PACE at the 3rd Annual Sunshine Backed Bonds Conference

  http://www.imn.org/audioframe/559|1502230A98692DAE/ARIU7CFUUZMU

  (starting at 19:00)

ARCHIVED ARTICLES

• Inland Green Capital LLC Steps Up In Green Financing for PACE

   

  FOR IMMEDIATE RELEASE

  DATE:             October 2, 2014

  CONTACT:     Alyssa Templeton, Inland Marketing & Communications, Inc.

                          630-218-2887 alyssa.templeton@inlandgroup.com

   

  Inland Green Capital LLC Steps Up In Green Financing for PACE

  Company Expands Financing for Sustainable Real Estate Upgrades in Florida

   

  Oak Brook, Ill. - Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, is continuing its involvement in Property Assessed Clean Energy (“PACE”) financing by expanding to St. Lucie County, Florida. In August 2014, Inland Green Capital partnered with St. Lucie County and the non-profit organization Solar and Energy Loan Fund (“SELF”) to create a new PACE program which will allow easier access for commercial property owners to “go green.” Inland Green Capital will provide the capital for energy-efficient improvements such as HVAC upgrades and renewable energy projects such as solar panel installations.

  “Programs like PACE are making it more convenient than ever to upgrade real estate properties with environmentally-conscious features,” said Mark Pikus, senior vice president of Inland Green Capital. “The program provides financing for commercial property owners looking for ways to upgrade their property with such improvements.”

  PACE provides upfront financing through local and state government and is repaid by a special assessment that is part of the real estate taxes, potentially spanning 20 years. Since the security is in the form of a special assessment, the PACE financing runs with the property. Inland Green Capital has invested in PACE by funding PACE projects and assisting program administrators with start-ups and expansions. Inland Green Capital is an approved capital provider for many PACE programs throughout the country.

  Inland Green Capital is actively seeking more opportunities to help PACE program startups, purchase private placement PACE transactions and promote sustainability in the real estate industry.

   

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  About Inland Green Capital LLC

  Inland Green Capital LLC is an environmental finance and investment company that provides capital for Property Assessed Clean Energy (PACE) project initiatives throughout the country. For more information about Inland Green Capital, please refer to the company website at www.inlandgreencapital.com.

   

• PACE Talk: St. Lucie County and Inland Green Capital LLC join forces to offer PACE financing in Florida

  From: PACENow November 2014 Market Update Newsletter

  http://pages.omkt.co/archive/bWVzc2FnZV8yNjM5NzM2Xzc0XzEwMjZfNzg2OTM=?type=100&channel=2

• Inland St. Lucie PACE Provides Capital for Solar Energy Improvements For Adams Ranch in Fort Pierce, FL

  
  

  DATE: March 10th, 2015

  
  

   Inland St. Lucie PACE, LLC, a subsidiary of Inland Green Capital LLC, with the collaboration of SELF (Solar and Energy Loan Fund), has provided capital for the financing of the installation of clean energy improvements at Adams Ranch in Fort Pierce, FL. The two-parcel property, totaling 234 acres, has gone through the St. Lucie Property Assessed Clean Energy program to install solar water heaters. These updates will allow for vast energy saving benefits and also make the local property owner one of the first to take part in this new program in St. Lucie County.

  The St. Lucie PACE program provides easy access to financing an array of clean energy projects for commercial properties with no up-front capital necessary from the borrower. SELF helps administer the program throughout the St. Lucie County area. With improvements such as HVAC, solar panels, hurricane protection, and water mitigation being offered, energy-saving sustainable improvements have become more readily available for commercial owners than ever before.

  About Inland Green Capital LLC

  Inland Green Capital LLC is an environmental finance and investment company that provides capital for PACE project initiatives throughout the country. For more information about Inland Green Capital, please refer to the company website at www.inlandgreencapital.com.

• SELF and Inland Green Capital Speak at the Economic Development Council of St. Lucie County Luncheon

  DATE: September 24th, 2014

  Port St. Lucie, Florida- With green initiatives being a hot topic in Florida, Doug Coward and Duanne Andrade of the non-profit Solar Energy Loan Fund (SELF) and Mark Pikus of Inland Green Capital LLC took the time to present the many benefits of incorporating energy efficiency and renewable energy features in commercial real estate and how to finance them through Property Assessed Clean Energy (PACE)

   St. Lucie County and SELF recently launched a PACE financing program in August 2014, which offers commercial real estate property owners upfront financing for green projects such as renewable energy, wind mitigation and water conservation. Capital for the program is funded by Inland Green Capital and is repaid through a voluntary assessment on the real estate that is repaid over time as part of the annual property tax bill. The program encourages green initiatives, reduces operating costs, stimulates the local economy through the use of community contractors, as well as promotes sustainability in the real estate industry.

   

  About Inland Green Capital LLC

   Inland Green Capital LLC is an environmental finance and investment company that provides capital for PACE project initiatives throughout the country. For more information about Inland Green Capital, please refer to the company website at www.inlandgreencapital.com.

   

   

• Inland Green Capital Purchases Bonds Totaling $370,000 For L.A County Energy Program

  DATE: January 28th, 2015

  Oak Brook, IL- Inland Green Capital LLC is pleased to announce its collaboration with the Los Angeles County Property Assessed Clean Energy (PACE) Program to be the capital provider for two of its PACE bonds in southern California. Both transactions were finalized during fall of 2014.

  The Pomona Masonic Lodge, located in Pomona, CA, was the first bond purchase. The 15,648 SF building will be utilizing the funds to construct a 20 kW Solar Photovoltaic (PV) Array System on its rooftop. This solar panel system will allow for reduced utility costs and electric energy consumption.

  Inland Green Capital also funded PACE improvements for Huntington East Medical Building in Glendora, CA. The 47,742 SF facility will be using the PACE capital to update to an energy-efficient HVAC system.

  Both transactions for these commercial PACE projects were brought to Inland Green Capital by Structured Finance Associates, a provider of financing for real estate property owners for energy efficiency capital expenditures.

   

  About Inland Green Capital LLC

  Inland Green Capital LLC is an environmental finance and investment company that provides capital for PACE project initiatives throughout the country. For more information about Inland Green Capital, please refer to the company website at www.inlandgreencapital.com.

• Art Rendak to Speak at The 3rd Annual Sunshine Backed Bonds Conference in New York on April 30th

  http://www.imn.org/conference/Sunshine-Backed-Bonds/Agenda.html