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Inland Green Capital Originates C-PACE Financing for a 28-Unit Multifamily Complex in Wisconsin
Oak Brook, Ill. – Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced the origination of nearly $1 million in commercial Property Assessed Clean Energy (“C-PACE”) financing for environmental improvements for a multifamily conversion project in Oshkosh, Wisconsin.
Formerly an industrial property that was home to Wisconsin-based Miles Kimball, a catalog business offering gifts and household items, the building will be converted to a multifamily complex featuring 28 apartment units with 43 parking spaces.
The C-PACE capital will help fund HVAC, LED lighting, roof, windows and water conservation improvements for the four-story complex located at 851 South Main Street. The improvements are expected to reduce the property’s annual electricity and water consumption by 325,947 kilowatt-hours and 643,713 gallons, respectively, when compared with a standard baseline building performance model. Total lifecycle savings are anticipated to reach over $1.4 million.
"We are thrilled to be a part of this project and add C-PACE within the borrower’s capital stack,” commented Mark Pikus, president of Inland Green Capital. “This conversion from industrial to multifamily is just one example of how C-PACE financing can assist commercial property owners in lowering their cost of capital, achieve their sustainability goals and save operating costs.”
This is Inland Green Capital’s sixth transaction in the State of Wisconsin.
A pioneer in the industry with a decade of expertise, Inland Green Capital specializes in C-PACE financings for C-PACE project initiatives throughout the country, including retroactive and small loan balance projects. C-PACE is an innovative financing tool that provides long-term, fixed-rate funding to private building owners for energy efficiency, renewable energy, water conservation, electric vehicle charging and resiliency projects to be installed in both existing and new commercial properties. From 2009 to 2023, C-PACE programs have funded more than 3,100 qualifying projects nationwide for a total of more than $5.2 billion, while also creating over 65,000 jobs.*
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About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and financial groups. For more information about Inland Green Capital, please refer to the company website at: www.inlandgreencapital.com.
*Source: PACE Nation
Inland Green Capital Collaborates with Inland Mortgage Capital to Streamline PACE Financing for Commercial Property Owners
Oak Brook, Ill. – Inland Green Capital LLC (“Inland Green Capital”) is excited to announce a new collaboration with Inland Mortgage Capital, LLC (“IMC”), a private lender specializing in intermediate-term mortgages for value-add commercial real estate and selective new construction. Both companies are members of The Inland Real Estate Group of Companies, Inc. (“Inland”) and the relationship between the two Inland companies streamlines and expands funding for commercial owners seeking Property Assessed Clean Energy (“PACE”) financing in addition to bridge financing.
For over a decade, Inland Green Capital has worked with commercial real estate owners, developers, contractors and local governments to achieve enduring clean energy benefits through PACE funding. Eligible improvements including renewable energy, energy efficiency, water conservation, electrical vehicle charging and resiliency, enhancing sustainability for properties while lowering both operating expenses and the cost of capital.
“One of the most challenging hurdles we often see with commercial property owners seeking PACE funding is finding the right mortgage lender that understands the PACE financing process,” commented Mark Pikus, president of Inland Green Capital. “Coming together with IMC not only helps streamline the process, it provides a flexible structure and a number of benefits including a one-stop shop for a property owner’s financing needs and collaboration with related companies that will simplify the closing process.”
IMC is a private lender that provides non-recourse financing for commercial real estate nationwide, concentrating on projects with loan sizes from $3 to $15 million. IMC’s program is freely prepayable at any time, providing excellent flexibility for its borrowers in challenging times. Also, IMC does not charge interest on future loan advances until they are disbursed.
“We are excited to collaborate with Inland Green Capital on a potential hybrid arrangement of first mortgage financing and PACE financing for the borrower’s capital stack,” said Art Rendak, president of IMC. “Our IMC team is very knowledgeable about the PACE financing process, and we believe this financing combination could be especially valuable to our mutual customers amid the volatile credit environment in the U.S. right now.”
In the more than 25 years that IMC has been providing debt capital, IMC has prided itself on flexible structuring and innovative capital options. The potential combination of IMC’s first mortgage financing and IGC’s PACE capital is the next iteration.
For more information, visit www.inlandgreencapital.com or www.inlandmtg.com.
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About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and financial groups. For more information about Inland Green Capital, please refer to the company website at: www.inlandgreencapital.com.
About Inland Mortgage Capital, LLC
Inland Mortgage Capital, LLC is an experienced private lender specializing in intermediate-term mortgages for value-added commercial real estate in need of bridge financing. We provide non-recourse loans targeted for projects with opportunistic characteristics. For more information, please visit www.inlandmtg.com.
[1] Except for industry standard carve out liability for certain acts (“Bad Boy Acts”) of Borrower.
[2] Subject to state specific laws, regulations and restrictions.
Inland Green Capital’s Anna Maria Kowalik Inducted into Lambda Alpha International – Ely Chapter’s Land Economics Society
Oak Brook, Ill. – Inland Green Capital LLC (“Inland Green Capital”) is pleased to announce that Anna Maria Kowalik, senior vice president – director of business development, has been inducted into the Lambda Alpha International – Ely Chapter’s Land Economics Society. Membership into this premiere Society is by invitation only and is reserved for those who have built a compelling reputation of significant contribution to the field of land economics and demonstrated commitment to their community through public service contributions. Ms. Kowalik’s main responsibility is business development and transaction originations for Inland Green Capital, a capital provider for Commercial Property Assessed Clean Energy (“C-PACE”) projects. In this role, she has been instrumental in the closing of the first three C-PACE transactions in the State of Illinois, and numerous others since Illinois’ C-PACE Program inception in 2019. She is also a senior vice president of The Illinois Energy Conservation Authority NFP (“IECA”), an Illinois tax-exempt 501(c)(3) nonprofit organization, which is a program administrator for C-PACE Programs throughout Illinois in which Anna Maria focuses on education and marketing.
Ms. Kowalik possesses nearly 25 years of experience in the commercial real estate and property management industries, including with a former Inland REIT where she last oversaw a portfolio of over 30 retail properties consisting of 3.4 million square feet with more than 500 tenants, and budgets close to a quarter billion dollars.
She has been integral in the expansion of C-PACE in Illinois and is an active member of industry organizations and chambers of commerce, and liaisons with municipal, county and state governments.
Ms. Kowalik was inducted into the Chicago-based Ely Chapter on October 19, 2022, during a ceremony held at The Peninsula Chicago. For more information about the Lambda Alpha International – Ely Chapter Land Economics Society, visit https://ely-chicago.org/.
About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and financial groups. For more information about Inland Green Capital, please refer to the company website at: www.inlandgreencapital.com.
*Source: PACE Nation
Inland Green Capital’s Anna Maria Kowalik Named a GlobeSt Woman of Influence for her Outstanding Achievements in Commercial Real Estate
Oak Brook, Ill. – The Inland Real Estate Group, LLC is pleased to announce that Anna Maria Kowalik, senior vice president – director of business development of Inland Green Capital LLC (“Inland Green Capital”), has been recognized for her outstanding achievements in commercial real estate in GlobeSt.com’s Women of Influence Awards. This award is given to women who have impacted the market and significantly driven the industry to new heights.
Ms. Kowalik is responsible for business development and transaction originations for Inland Green Capital, a capital provider for Commercial Property Assessed Clean Energy (“C-PACE”) projects. In this role, she has been instrumental in the closing of the first three C-PACE deals in the State of Illinois, and numerous others since Illinois’ C-PACE Program inception in 2019. She is also a senior vice president of The Illinois Energy Conservation Authority NFP (“IECA”), an Illinois tax-exempt 501(c)(3) nonprofit organization, which is a program administrator for C-PACE Programs throughout Illinois.
Ms. Kowalik possesses nearly 25 years of experience in the commercial real estate and property management industries, including with a former Inland REIT where she last oversaw a portfolio of over 30 retail properties consisting of 3.4 million square feet with more than 500 tenants, and budgets close to a quarter billion dollars.
She has been integral in the expansion of C-PACE in Illinois and is an active member of industry organizations and chambers of commerce, and liaisons with municipal, county and state governments.
Ms. Kowalik was presented with the award at GlobeSt.com’s 2022 Women of Influence awards dinner held at the Stein Eriksen Lodge Deer Valley in Park City, Utah on July 26. To learn more about Anna Maria Kowalik and this year’s Women of Influence winners, visit: bit.ly/3zBtxrV.
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About The Inland Real Estate Group, LLC
The Inland Real Estate Group, LLC is part of The Inland Real Estate Group of Companies, Inc., which is headquartered in Oak Brook, Illinois, and is one of the nation’s largest commercial real estate and financial groups. The Inland Real Estate Group of Companies, Inc. is comprised of independent legal entities, some of which may be affiliates, share some common ownership and/or have been sponsored and managed by such entities or subsidiaries thereof.
About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and financial groups. For more information about Inland Green Capital, please refer to the company website at: www.inlandgreencapital.com.
Chicago Tribune: New Lenox multifamily development will be greener with help of $21.1 million energy efficiency loan
August 15, 2022
https://www.chicagotribune.com/suburbs/daily-southtown/ct-sta-new-lenox-housing-environmental-improvements-st-0816-20220815-phf6hzbbefexrhnyhjepaaqklu-story.html
Connect CRE: Inland Green Capital Provides C-PACE Financing for New Lenox Apartments
September 14, 2022
https://www.connectcre.com/stories/inland-green-capital-provides-c-pace-financing-for-new-lenox-apartments/
Inland Green Capital Originates $21 Million in C-PACE Financing for a 220-Unit Multifamily Property
Oak Brook, Ill. – Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced the origination of $21,125,000 in commercial Property Assessed Clean Energy (“C-PACE”) financing for environmental improvements in the construction of a 220-unit multifamily property located at 232 North Prairie Road in New Lenox, Illinois.
The C-PACE capital will help fund HVAC, LED/high-efficiency lighting, roof, building envelope, air sealing, windows, water conservation and hot water system improvements. The improvements are expected to reduce the property’s annual electricity and water consumption by 834,000 kilowatt-hours and 378,000 gallons, respectively, when compared with a standard baseline building performance model. Annual CO2-equivalent greenhouse gas emissions from electricity generation and natural gas consumption will be reduced by almost 650 tons.
“This marks Inland Green Capital’s second transaction in Will County,” commented Jason Stringer, vice president of business development of Inland Green Capital. “We are thrilled to be part of one of the most successful C-PACE programs in the country, providing commercial property owners the ability to both stimulate clean energy benefits and create value in their real estate investments.”
A pioneer in the industry with a decade of expertise, Inland Green Capital specializes in C-PACE financings for PACE project initiatives throughout the country, including retroactive and small loan balance projects. PACE is an innovative financing tool that provides long-term, fixed-rate funding to private building owners for energy efficiency, renewable energy, water conservation, electric vehicle charging and resiliency projects to be installed in both existing and new commercial properties. To date, C-PACE programs provided financing for over 2,500 commercial projects, totaling $2 billion in funds, and has created nearly 22,400 jobs nationwide*.
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About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and financial groups. For more information about Inland Green Capital, please refer to the company website at: www.inlandgreencapital.com.
*Source: PACE Nation
REJournals: Inland Green Capital provides $250,000 in financing for energy improvements at Will County office towers
January 19, 2022
CRE Collaborative: The Macro Trends for 2022 and How to Best Position Your Real Estate Business for the Year
April 7, 2022
CRE Collaborative: Industry Sector Expert Interview with Anna Maria Kowalik of Inland Green Capital
February 17, 2022
Daily Herald: Business for a Better World: How Inland Green Capital is Turning Commercial Real Estate Green
Inland Green Capital LLC Closes C-PACE Financing for Highpoint Office Towers Clean Energy Improvements in Mokena, Illinois
Oak Brook, Ill. – Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced the closing and funding of a commercial Property Assessed Clean Energy (“C-PACE”) transaction in Mokena, Illinois. Inland Green Capital was selected to finance $250,000 in energy efficient improvements for the 20-year-old Highpoint One and Highpoint Two office towers. The transaction marked the first C-PACE financing and closing in Will County.
The funding, which closed in December 2021, will provide 100 percent financing for rooftop solar PV installations and roof replacements. The C-PACE project is expected to provide the two buildings with approximately $265,000 in savings over the 25-year financing term, while creating an average of 66 percent of their own overall energy and saving over 1,000 metric tons of CO2e from entering the atmosphere.
“Inland Green Capital helped us through process of getting all the necessary approvals, quickly and on time,” said John Olivieri, managing partner of Laraway Center LLC. “They are a pleasure to work with on financing solar projects.”
Inland Green Capital specializes in C-PACE financings for PACE project initiatives throughout the country.
“Inland Green Capital is particularly excited about closing this renewable energy deal as the very first in Will County, creating the pathway for more clean energy projects to be developed over the next year and into the future!,” exclaims Anna Maria Kowalik, director of business development for Inland Green Capital. “Will County, with its strong industrial and manufacturing base, as well as some aging building stock, is prime for a ‘greening’ of facilities spanning the gamut. We look forward to continuing to contribute to this effort.”
PACE is an innovative financing tool that provides long-term, fixed-rate funding to private building owners for energy efficiency, renewable energy, water conservation, electric vehicle charging and resiliency projects to be installed in both existing and new commercial properties. To date, the PACE program has provided financing for over 2,500 commercial projects, totaling $2 billion in funds, and has created nearly 22,400 jobs nationwide*.
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About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups. For more information about Inland Green Capital, please refer to the company website at: www.inlandgreencapital.com.
*Source: PACE Nation
Inland Green Capital LLC Closes $2.76 Million C-PACE Refinancing for The Drake Hotel in Oak Brook, Illinois
Oak Brook, Ill. – Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced the closing and funding of a commercial Property Assessed Clean Energy (“PACE”) transaction in Oak Brook, Illinois, a western suburb of Chicago. Inland Green Capital was selected to refinance $2.76 million in energy efficient improvements for the luxury hotel, The Drake Oak Brook, Autograph Collection (“The Drake Hotel”), located at 2301 York Road in Oak Brook.
The funding, which closed in late August 2021, refinances new windows and building envelope elements, boilers, chillers, HVAC infrastructure improvements, water-conserving plumbing installations and LED lighting that were made from mid-2019 through mid-2021. The PACE project is expected to provide The Drake Hotel with approximately $1 million in savings over the 25-year financing term and lifetime energy savings of nearly 5.2 million kilowatt hours of electric, 340,000 therms of natural gas and more than 24 million gallons of water.
"Inland Green Capital allowed us to achieve our goal of taking a 60-year-old property and converting it to a much more high-efficiency, green hotel,” said Jim Nagle, owner of The Drake Oak Brook.
Inland Green Capital specializes in C-PACE financings for PACE project initiatives throughout the country.
“The renovation of The Drake Hotel will result in a comprehensive energy efficiency upgrade that modernizes this landmark destination and should reduce utility expenses,” said Anna Maria Kowalik, senior vice president – director of business development for Inland Green Capital. “We are thrilled to be part of this transaction in Oak Brook and look forward to many more Illinois-based PACE projects in the future.”
PACE is an innovative financing tool that provides long-term, fixed-rate funding to private building owners for energy efficiency, renewable energy, water conservation, electric vehicle charging and resiliency projects to be installed in both existing or new commercial properties. To date, the PACE program has provided financing for over 2,500 commercial projects, totaling $2 billion in funding and has created nearly 22,400 jobs nationwide.*
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About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups. For more information about Inland Green Capital, please refer to the company website at www.inlandgreencapital.com.
*Source: PACE Nation
RE Journals: Inland Green Capital LLC hires vice president of business development
DATE: January 21, 2021
https://rejournals.com/inland-green-capital-llc-hires-vice-president-of-business-development/
Commercial Property Executive: C-PACE Builds Resilience in Tough Times
https://www.cpexecutive.com/post/c-pace-builds-resilience-in-tough-times/
Virginia PACE Authority: Inland Green Capital Interview
https://www.youtube.com/watch?v=3FqPr2Knyds&feature=youtu.be
Connect CRE: Inland Green Capital Funds First Colorado C-PACE Deal
https://www.connectcre.com/stories/inland-green-capital-funds-first-colorado-c-pace-deal/
Inland Green Capital LLC Hires Vice President of Business Development
DATE: January 21, 2021
Oak Brook, Ill- Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced that Jason Stringer has joined its team as vice president of business development, where he will oversee Inland Green Capital’s strategic origination partnerships and development opportunities for the Property Assessed Clean Energy (“PACE”) program.
PACE is an innovative financing tool that provides long-term, fixed-rate funding to private building owners for energy efficiency, renewable energy, water conservation, electric vehicle charging and resiliency projects (“PACE projects”) to be installed in both existing or new commercial properties. To date, PACE programs have provided financing for over 2,500 commercial projects, totaling $2 billion in funding and has created nearly 22,400 jobs nationwide.*
Mr. Stringer has been active in the PACE market since 2015, where he led the development of the PACE Wisconsin program and provided guidance on best practices for PACE programs throughout the country. In his previous role as Director of Business Development for Slipstream, he approved and closed 38 PACE projects in Wisconsin and Illinois and oversaw assessment administration, direct billing and invoice remittance for approximately $45 million of PACE financings.
“We are thrilled to have Jason join our team,” commented Mark Pikus, president of Inland Green Capital. “He brings more than 20 years of experience in real estate project finance, project development, municipal relations, sustainability and PACE program administration to this role, and his expertise will be valuable in the expansion of Inland Green Capital’s PACE program financing initiatives.”
Mr. Stringer earned his bachelor’s degree from Michigan State University and a master’s degree in real estate and urban land economics from the University of Wisconsin – Madison.
About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for its Borrowers using PACE and other funding tools throughout the country. For more information about Inland Green Capital, please refer to the company website at www.inlandgreencapital.com.
Inland Green Capital LLC Expands Footprint, Closes C-PACE Financing for Hospitality Redevelopment in Colorado
DATE: March 15, 2021
Oak Brook, Ill- Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced the closing and funding of their first commercial Property Assessed Clean Energy (“PACE”) transaction in the state of Colorado. Inland Green Capital was selected through the Colorado Commercial Property Assessed Clean Energy Program (“C-PACE”) to provide financing for $130,000 in energy efficient improvements for a hospitality redevelopment.
The PACE funding will cover HVAC infrastructure costs in the conversion of a former IHOP restaurant located at 1002 South College Avenue in Fort Collins, Colorado. Palmer Properties, a Colorado-based commercial real estate firm partnered with Air Comfort, Inc. to complete the project. Locally owned Big Red F Restaurant Group will open The Post Brewing Chicken & Beer at the location this spring.
Inland Green Capital specializes in mid-range C-PACE loans and retroactive financing. Although there has been an increase in PACE activity with hospitality properties, this is Inland Green Capital’s first deal in the Colorado market.
“While Inland has provided PACE financing nationwide for years, this is our first Colorado project. We are thrilled to be part of one of the most successful PACE programs in the country and look forward to many more Colorado-based projects in the future,” said Jason Stringer, vice president of business development of Inland Green Capital.
PACE is an innovative financing tool that provides long-term, fixed-rate funding to private building owners for energy efficiency, renewable energy, water conservation, electric vehicle charging and resiliency projects to be installed in both existing or new commercial properties. To date, the PACE program has provided financing for over 2,500 commercial projects, totaling $2 billion in funding and has created nearly 22,400 jobs nationwide.*
About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups. For more information about Inland Green Capital, please refer to the company website at www.inlandgreencapital.com.
Top Regional Leaders Honored at Better Business Bureau of Chicago and Northern Illinois’ 92nd Annual Dinner Meeting
The Better Business Bureau of Chicago & Northern Illinois (BBB) is honored to announce this year’s award winners and new board members activated at its 92nd Annual Dinner held on Thursday, March 7, 2019 at the Swissotel Chicago. With over 600 attendees, the event featured the globally acclaimed Dev Patnaik, CEO of Jump Associates and one of the leading voices for Conscious Capitalism, as the keynote speaker.
Jump Associates is a strategy and innovation firm that works with some of the world’s most admired companies, including GE, Nike, Target and Virgin. Dev is a frequent speaker at business forums, and his articles have appeared in numerous publications, including Businessweek, Forbes, and Fast Company, and is the author of the widely acclaimed book “Wired to Care.”
Distinguished awards that were presented include:
Torchbearer of the Year Award to Daniel Goodwin. As Chairman and CEO of The Inland Real Estate Group of Companies, Inc., Dan oversees a business that specializes in creating, developing and supporting separate real estate investment and financial companies. His passionate focus on ethics in business led to The Inland Real Estate Group of Companies winning the coveted Better Business Bureau Torch Award for Marketplace Ethics three times in the last eight years.
- Diogenes Award for Excellence in Media to Zully Ramírez. Zully works as a reporter for Telemundo Chicago’s consumer unit. “Telemundo Chicago Responde” was launched in 2015 and offers Spanish speaking consumers a direct opportunity to have their concerns investigated. Through her mediations and investigations, she has helped consumers in the Chicago area and suburbs recover nearly a half million dollars.
- The James E. Baumhart Lifetime Achievement Award to Dale J. Mueller, the Chairman of Chicago AAMCO Transmission Dealers. Dale is the owner and operator of eight AAMCO Transmissions and Car Care operations, and Midas auto repair centers in Chicagoland. Since starting his business in 1967 he has won numerous awards from both franchises for excellence in sales and customer service. He has been a member of the Better Business Bureau since 1986, currently serves on the Board of Directors and is Chair of the Ethics and Standards Committee.
“All of our award recipients exemplify the goals and principles of the Better Business Bureau to support and foster an ethical marketplace benefiting both consumers and businesses,” says Steve J. Bernas, president & CEO of the BBB.
The dinner also included the addition of several top business leaders to the Board of Directors. In alphabetical order they are:
- David J. Abrams | Sales Manager, Windy City Limousine & Bus Worldwide. As a premier transportation company providing worldwide services, David’s business was voted “Best Transportation Provider in Illinois” nine times in the past ten years by peers in the hospitality industry.
- Rich Baudo | Vice President of Sales for Comcast Spotlight Chicago. Since 2017, Rich has been the Vice President of Sales for Comcast Spotlight Chicago, the advertising sales arm of Comcast Cable. He leads a team of 50 local and regional sales professionals in the Chicago market.
- Ed Connealy | Connealy Design Element. Started in 2016, Connealy Design Element provides consultation to the local Architect and Design community and drives sales for some of the industry’s most beautifully designed products.
- Victoria Garofalo | Vice President, Director of Marketing at Pan American Bank & Trust Responsible for the bank’s marketing activities, Victoria oversees the development and delivery of a fully integrated marketing strategy.
- Susan Jacobs | SVP Revenue Strategy, Tribune Publishing. In her current role at Tribune Publishing, Susan leads revenue and sales strategy across nine major markets, including Chicago Tribune, NY Daily News, Baltimore Sun, Orlando Sentinel, Ft. Lauderdale Sun Sentinel, Hartford Courant, Allentown Morning Call, Virginia Pilot, and Newport News Daily Press.
- Juan Leyva | General Manager, LondonHouse Chicago. Juan manages a team of over 300 employees and oversees day-to-day operations at the 452-room luxury lifestyle hotel in downtown Chicago.
- Natalie Bauer Luce | Executive Vice President for Culloton Strategies. Natalie has developed and executed award-winning integrated marketing and communications campaigns. She’s an executive at a media communications and strategy firm that specializes in media relations, crisis communications, public affairs and grassroots campaigns.
- Roger T. Stelle | Founding Partner, Meltzer, Purtill & Steele LLC. With a law practice focused on the representation of closely-held companies, including succession issues and the pursuit of both growth and exit strategies for their principals, Roger is a founding member of one of the largest suburban-based law firms in the Chicago metropolitan area with offices in both Schaumburg and Chicago.
- Walt Valo | Managing Director, Lucid Agency. As Managing Director of Lucid Agency’s Chicago office, Walt Valo focuses on new business development and leading integrated digital marketing strategies that drive business growth for a variety of Fortune 500 clients.
PNC Bank was the presenting sponsor for this this year’s Annual Dinner. This year’s gold sponsor was Inland Real Estate Group of Companies. Silver sponsors included ComEd, Discover Financial and Fox Valley Auto Group.
Other major announcements at the Annual Dinner included:
- The 2019 BBB Educational Foundation’s scholarship contest for high school seniors and college students will move to all video submissions this season. Entries must be submitted by Friday, May 31st. For more information go to org/entry-guidelines.
- The 25th Annual Integrity Golf Classic will be held at Northmoor Country Club on Monday, July 22nd. All proceeds raised from the golf outing will benefit the BBB’s Educational Foundation. For sponsorship opportunities and golfer registration go to org.
- Nominations for the 2019 BBB Torch Awards for Marketplace Trust and Excellence are now open. Nominate your company today at org.
By Better Business Bureau. March 15, 2019.
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
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=WhatCountsEmail&utm_medium=Monthly%20Magazine&utm_campaign=MHN%20October%202016#{"issue_id":343908,"page":34}
Multi-Housing News
October 2016
PACE Financing Fosters Redevelopment
SELF_Press Release_PACE_Nu View_Apr 6 2016_0.pdf (330.86 KB)
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 LLC Steps Up In Green Financing for PACE
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.
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
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.
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.
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
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)
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.
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.