Boardwalk

Property Description

Boardwalk is a a five-story, short-term residential condominium building consisting of 50 total units/48 rentable units. The PACE proceeds will finance energy conservation and renewable energy measures including high-efficiency HVAC and LED lighting. This project will be completed by March 2025. 

Loan Usage

The C-PACE loan was a part of the project's total expected cost of $17.97M, and was utilized to cover energy efficiency and renewable energy measures that are expected to save $115,748 annually with a payback period of 15.6 years.