One Community Bank Finances PACE Wisconsin’s 100th Project
One Community Bank is excited to be the C-PACE lender of PACE Wisconsin’s 100th project! PACE Wisconsin is a statewide Commercial Property Assessed Clean Energy (C-PACE) program that enables property owners to obtain low-cost, long-term loans for energy efficiency, renewable energy, and water conservation improvements.
“At One Community Bank, we were among the first to jump on board with the PACE Wisconsin Program. We’re proud to have helped 28 commercial property owners across Wisconsin secure C-PACE loans. Today, hitting the 100th milestone feels like a celebration of our commitment to building stronger, energy efficient communities together,” said Dan Carey, Chief Commercial Officer.
PACE Wisconsin’s 100th project is the Reserve Student Apartments located near UW-Stevens Point in Stevens Point, WI. The property owner is receiving financial assistance from OCB to implement upgrades for the roof, walls, windows, high efficiency HVAC, and low flow fixtures. These enhancements are crafted to minimize energy and water consumption, while supporting the collective efforts against climate change.
“This was another exciting opportunity for One Community Bank to partner in the PACE program while providing financing for a great developer on a large student housing project. This loan was unique since it was already complete and allowed the client to retroactively utilize the lookback period allowed by program,” said Marc McMerty, VP – Commercial Banking Officer.
