Rochester Avon

C-PACE AMOUNT
$1.1M
Property Type
Retail
Project Type
Refinance
STATE
Michigan
Rochester Avon

Property Description

Rochester Avon is a mixed-use retail and medical office facility. The PACE loan is for retrofinancing energy conservation measures, including high-efficiency HVAC and building envelope. The project is expected to be completed by June 2024. 

Loan Usage

The C-PACE loan was a part of the project's total expected cost of $12.6M, and was utilized to cover energy efficiency and renewable energy measures that are expected to save $43,375 annually in the payback period of 9 years.