OAK BROOK, Ill.--(BUSINESS WIRE)--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.
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.