Samaritan Center
Property Description
Samaritan Center is a non-profit organization that owns and operates a former medical hospital as a multi-tenant commercial building. Improvements from the C-PACE loan include LED lighting, energy efficient
HVAC/Chillers and Boilers, and energy efficient elevators.
Loan Usage
The C-PACE loan was a part of the project's total expected cost of $2.67M, and was utilized to cover energy efficiency and renewable energy measures that are expected to refresh the aging property and generate considerable utility cost savings as well as an anticipated $250k reduction in maintenance costs.
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