YEAR ONE SAVINGS SAVINGS OVER PROJECT LIFE

$62,528 $1,873,083

“A key component of this adaptive reuse project is to maintain the historic 5-story brick façade. To do that without addressing energy efficiency would be detrimental to the project. The ownership group quickly identified the Wisconsin C-PACE program and Greenworks Lending as resources that could help us make the best use of this space for the community and the environment.”

- Kevin Page, of KP Property Development

HOTEL INDIGO, MADISON, WISCONSIN

ADAPTINGTO LUXURY

CASE STUDY : HOTEL AND LODG ING

CASE STUDY : 901 E . WASH INGTON

BUSINESS TYPE BUILDING TYPE PROJECT TYPE LOAN SIZE C-PACE TERM

BOUTIQUE HOTELADAPTIVE REUSEOF WAREHOUSE ENERGY EFFICIENCY $1,500,000 20 YEARS

C-PACE IS REVOLUTIONIZING CLEAN ENERGY

ABOUT GREENWORKS LENDING GET STARTED

Commercial Property Assessed Clean Energy (C-PACE) is a public-private partnership designed to help commercial building owners upgrade the energy and water performance of their property with no money out of pocket. C-PACE provides building owners with 100% of the capital they need to complete a qualified project and owners repay the up-front cost through the property tax bill over the life of the upgrades.

• 100% financing• Long payback period• Covers all hardand soft costs

• No personal guarantee• Transfers on sale• Can pass through to tenants• Preserves borrowing capacity

• Based on property value• Must save energy or water• Most commercialproperty types

IMMEDIATECASH FLOW

MOST PROJECTS &BUILDINGS QUALIFY

FLEXIBLE AND SECURE FOR OWNERS

PROPERTY SUMMARYHotel Indigo is a historic adaptive reuse project in Madison Wisconsin that redevelops 102-year old warehouse (previously operated by Mautz Paint and vacant for 15 years) into a 144-room luxury boutique hotel. The hotel development is supported by federal and state historic preservation tax credits as well as C-PACE financing for its energy saving measures.

OPPORTUNITYIntegration of large-scale enegy saving elements into the redevelopment including building envelope, windows, lighting and HVAC.

WHAT IS COMMERCIAL PACE?

greenworks l end ing . com | @greenwo rks l end

Greenworks Lending is the largest provider of Commercial Property Assessed Clean Energy (C-PACE) financing in the country. Led by several of the industry’s founding policy developers and standard-setters, Greenworks Lending is a private capital provider uniquely dedicated to funding commercial real estate through C-PACE. Greenworks Lending’s C-PACE financing makes clean energy a smart financial decision for commercial property owners and developers.

If you’re ready to get started with a streamlined feasibility review of your C-PACE project or simply want to learn more about this powerful commercial finance tool, visit greenworkslending.com.

The original warehouse structure, prior to redevelopment. Photo credit: Richard Hurd (https://www.flickr.com/photos/rahimageworks/)is licensed under CC BY 2.0