Lever Closes $1.1M for Office Building Upgrades
Lever Energy Capital closes on $1.1M in financing for upgrades in Havana Gold office building.
Havana Gold, an existing Class A office building with 80,000 square feet in Denver, CO, needed modernization to retain and attract tenants. Notably, building systems were outdated and large capital expenditures were long overdue. Havana Gold’s Energy Star rating was 26 out of 100 prior to financing building upgrades through Lever.
Through Lever and CPACE, the building owner financed upcoming capital expenditures and energy efficiency solutions such as LED lighting, advanced building controls, and window tinting. At no upfront cost, these investments improved asset quality and significantly reduced operating expenses. In addition, CPACE assessment payments were passed through to tenants, who received operating savings alongside the owner. Furthermore, NOI and asset value increased with with the financing of building improvements and associated operating savings.
The end result was a win-win for the building owner and the tenants!
About Lever Energy Capital
Lever Energy Capital is a Denver-based Commercial Property Assessed Clean Energy (C-PACE) financier. The company helps commercial real estate owners optimize their assets and improve their bottom line through low-cost Commercial Property Assessed Clean Energy (C-PACE) financing. With the largest C-PACE fund in the industry, Lever utilizes a technology-driven approach and innovative process to efficiently source and fund deals wherever C-PACE programs exist.