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Chicago & Midwest  + Greater Chicagoland  + Finance  | 

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.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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  • ◦Financing
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