Case Study

Multi-family redevelopment

A multi-family property management firm used C-PACE to replace obsolete boilers in 11 tenant-occupied buildings across state/district borders of Maryland and Washington, D.C., before the winter season.

Details

Property Owner: Privately held property management firm
Measures: High-efficiency boiler replacement
Contractor: Boland
Capital Provider: Greenworks Lending

The property owner worked with MD-PACE to integrate $4.8 million of C-PACE financing into multiple properties to replace the old boilers with high-efficiency boilers. The buildings, together, are expected to save more than $840,000 in the first year, and $3.7 million in lifetime savings.

Primary Benefits

Increased tenant comfort
Decreased maintenance and operating expenses
Lifetime projected savings of $3.77M

Contractor

Boland a leading commercial HVAC systems, services, and building energy solutions provider in the DC metro area.

The firm provides solutions that optimize indoor environments through a broad portfolio of energy-efficient heating, ventilating and air conditioning systems, building, contracting and energy services, parts and supplies, and advanced controls for commercial buildings.