AC HOTEL BY MARRIOTT, COLUMBUS, OHIO

STYLISH AND EFFICIENT

CASE STUDY : HOTEL AND LODG ING

“By working with Greenworks and incorporating C-PACE on this new development, we were able to fill in the capital stack of

the project and improve returns on the deal.”

– Tony Mathena, Continental Real Estate Companies

CASE STUDY : 901 E . WASH INGTON

BUSINESS TYPE C-PACE MEASURES PROJECT TYPE C-PACE FINANCING LOAN TERM

HOTELENVELOPE, PLUMBING,

LIGHTING, HVAC ENERGY EFFICIENCY $6,500,000 25 YEARS

NEXT GENERATION CONSTRUCTION FINANCE

ABOUT GREENWORKS LENDING GET STARTED

Commercial Property Assessed Clean Energy (C-PACE) makes it possible for commercial property owners to obtain low-cost, long-term financing for energy efficiency, water conservation and renewable energy projects. The program starts with a state-level government policy that classifies clean energy upgrades as a public benefit – like a new sewer, water line or road. These upgrades can be financed with no money down and then repaid as a benefit assessment on the property tax bill over a term that matches the useful life of improvements and/or new construction infrastructure (typically ~20-30 years). The assessment transfers on the sale of the property and can be passed through to tenants where appropriate. While facilitating sustainability efforts, the program reduces property owners’ annual costs and provides dramatically better-than-market financing for green new construction.

PROPERTY SUMMARY509-533 North Park Street in Columbus, OH is the location for the new construction hotel project, The AC Marriott, an 8-story, 161-room hotel located in the city’s urban Arena District. The hotel development is supported in part by C-PACE financing for its energy saving measures which lowered the cost of capital needed for the project and will save they hotel money and ensure its guests’ comfort.

OPPORTUNITYUtilizing C-PACE financing helped to reduce the cost of capital for the project while the integration of large-scale energy saving elements into the new development project, including building envelope, windows, plumbing, lighting and controls, and HVAC, will save money and energy for years to come.

WHAT IS COMMERCIAL PACE?

greenworks l end ing . com | @greenwo rks l end

Greenworks Lending is the largest provider of Commercial Property Assessed Clean Energy (C-PACE) financing in the country. Led by several of the industry’s founding policy developers and standard-setters, Greenworks Lending is a private capital provider uniquely dedicated to funding commercial real estate through C-PACE. Greenworks Lending’s C-PACE financing makes clean energy a smart financial decision for commercial property owners and developers.

If you’re ready to get started with a streamlined feasibility review of your C-PACE project or simply want to learn more about this powerful commercial finance tool, visit greenworkslending.com.

IMPROVES SPONSORS’FINANCIALRETURNS

FILLS EQUITYGAPS IN

DEVELOPMENTCAPTIAL STACKS

RAPID APPROVALPROCESSPROVIDES

TRANSPARENCY

REDUCES COST OFCAPITAL