Inland Green Capital LLC originated nearly $1 million in commercial Property Assessed Clean Energy (“C-PACE”) financing for environmental improvements for a multifamily conversion project in Oshkosh, Wisconsin.
Formerly an industrial property that was home to Wisconsin-based Miles Kimball, a catalog business offering gifts and household items, the building will be converted to a multifamily complex featuring 28 apartment units with 43 parking spaces.
The C-PACE capital will help fund HVAC, LED lighting, roof, windows and water conservation improvements for the four-story complex located at 851 South Main Street. The improvements are expected to reduce the property’s annual electricity and water consumption by 325,947 kilowatt-hours and 643,713 gallons, respectively, when compared with a standard baseline building performance model. Total lifecycle savings are anticipated to reach over $1.4 million.
This is Inland Green Capital’s sixth transaction in the State of Wisconsin.
