Opportunity
The Henry will implement state-of-the-art energy technologies such as solar panels, electric vehicle charging stations, and other high efficiency appliances. The project will save up to 58.3 tons of CO2 with an estimated $7,468,075 in energy savings over the 25 year term of the loan.
Property summary
The Henry, a luxury townhouse complex that will be built on a former vacant lot in Ann Arbor, MI will be a welcome addition to the community with the intention of attracting young professionals. The project will include construction of two buildings for eleven three-level townhouses with additional co-working space.
C-PACE financing was a perfect fit into our capital stack, which allowed us to pay for all of our high efficiency infrastructure.
C-PACE is the most equitable, flexible economic development financing tool available for most asset classes. It works for $100,000 infrastructure replacement projects as well as helping plug gaps in developers’ capital stacks up to $100 Million.
