Pace Loan Group

Elk Lake Inn

Property Type
Project Type
New Construction
Elk Lake Inn located in Elk Rapids, Michigan.

Property Description

Elk Lake Inn is an upscale, three-story modular new construction located in downtown Elk Rapids, MI. The Inn's 20 rooms consist of a mix of penthouse, studio, and standard units, which feature high quality furnishings and are larger than most traditional hotel rooms. Amenities include covered parking and an on-site restaurant.

C-PACE Improvements

This transaction is the first-ever C-PACE loan in Antrim County, MI. Building improvements financed through the hotel's loan, such as high-efficiency plumbing and lighting systems, are projected to average annual savings of $120,848 throughout the payback period.

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