Dollar Tree Abilene is a retail property located near downtown Abilene, Texas. The C-PACE financing refinanced upgrades to the roofing, wall insulation, and windows to support energy efficiency at the property.
Highlights
First State Bank of the Florida Keys funded this $350K C-PACE transaction through the FASTPACE platform. This is the first FASTPACE closing in the state of Texas, and was the first C-PACE project closed in Abilene. The sponsor accessed C-PACE to provide an attractive retroactive financing option for improvements that were already completed.
Results
The building envelope improvements — new roofing, wall insulation, and window replacements — will reduce energy consumption and operating costs for the property on a long-term basis.