The Fairfield Inn is a flagged hotel in Omaha, Nebraska. The C-PACE financing covers multiple energy efficiency measures including high-efficiency heat pumps, roof insulation, and LED lighting that are projected to reduce carbon emissions by 950,000 lbs annually.
Highlights
White Oak Global Advisors funded this C-PACE transaction through the FASTPACE platform. The $2M financing is the third C-PACE loan in Nebraska originated on the FASTPACE platform. The C-PACE financing closed within roughly two months of term sheet execution, reflecting efficient and motivated transaction parties and an efficient process enabled by the FASTPACE platform.
Results
The financed improvements result in 950,000 lbs of annual carbon emissions reductions, demonstrating the significant environmental impact achievable through C-PACE financing of energy efficiency measures in hospitality properties.