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Inland Green Capital Provides C-PACE Financing for New Lenox Apartments
Inland Green Capital LLC originated $21,125,000 in commercial Property Assessed Clean Energy (C-PACE) financing for environmental improvements in the construction of a 220-unit multifamily property at 232 N. Prairie Rd. in New Lenox, IL.
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.
“This marks Inland Green Capital’s second transaction in Will County,” commented Jason Stringer, VP 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.”
- ◦Development
- ◦Financing


