Lever Closes Financing for Medical Office Building
Lever Energy Capital facilitates $900K in financing for large renovation of medical office building.
860 Potomac, an existing Class B medical office building located adjacent to Colorado’s Fitzsimons Medical Campus in Aurora, CO, needed significant building system upgrades to bring the property to market and attract a new tenant base. Largely core and shell at the time of Lever’s involvement, the building was to undergo various capital-intensive renovations and tenant improvements. The client leveraged C-PACE to invest in new high-quality equipment transforming the property into the premier medical office in the area.
In partnership with Lever, the building owner was able to utilize C-PACE to finance energy efficiency solutions, capital expenditures, and tenant improvements including advanced building controls and high efficiency HVAC systems. At no out of pocket costs to the owner, these investments improved the asset quality, significantly reduced operating expenses, and improved the comfort of the building for tenants. The end result was a more competitive real estate asset with improved net operating income.
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.