Inland Green Capital LLC, an environmental finance and investment company, funded its first Commercial Property Assessed Clean Energy (C-PACE) transaction in Colorado. Although there has been an increase in PACE activity with respect to hospitality properties, this is Inland Green Capital’s first deal in the Colorado market.

Inland Green Capital was selected through the Colorado C-PACE program 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 Ave. in Fort Collins.

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.