The Candlewood Suites Cape Girardeau is an IHG-flagged limited service hotel. The retroactive C-PACE financing covers multiple energy efficiency and clean energy measures, including LED interior and exterior lighting, insulation measures, high-efficiency HVAC, and a solar PV system.
Highlights
First State Bank of the Florida Keys funded this C-PACE transaction through FASTPACE. The $856K financing is the third small-balance C-PACE financing in Missouri to be originated on the FASTPACE platform. First State Bank of the Florida Keys completed the financing with their one-person energy efficiency lending team thanks to the FASTPACE platform.
Results
The financed improvements result in upwards of $830K of annual cost savings and replaced necessary building equipment at the end of its useful life.