Lever Energy Capital Secures $500 Million for Sustainable Commercial Real Estate
Lever Energy Capital, a Denver-based Commercial Property Assessed Clean Energy (C-PACE) financier, announced today it has launched one of the largest dedicated C-PACE ventures in the country, and the only one in Colorado. The company now has the ability to originate up to $500 million in C-PACE financings for sustainable commercial real estate.
“Today is an exciting day as it starts our journey toward financing a better future for commercial real estate,” said Lever Energy Capital President, Mark Boyer. “We are now able to provide our clients with access to private capital at the most competitive rates available and can help commercial real estate owners optimize their assets and improve their bottom line through C-PACE financing.”
The venture is in partnership with Crescent Real Estate, a fully integrated real estate investment and development company. “We are excited to partner with Lever Energy Capital on this project,” noted Crescent Real Estate Vice President, Brian Terpstra. “We believe Lever is the right partner for this project. Lever brings a wealth of C-PACE experience and knowledge which complements our real estate expertise very well.”
Through its platform with Crescent, Lever will help more property owners finance energy efficiency, renewable energy, water conservation and hazard mitigation upgrades. These upgrades are often immediately cash flow positive as they improve the value of the building, significantly reduce operating costs and bring a variety of tax benefits.
“Our team’s expertise, combined with our dedicated capital, allows us to source and close deals quickly, reliably and with total transparency,” noted Boyer. “Through making smarter, more efficient and comfortable buildings, we believe C-PACE is a win-win for companies, tenants, communities, and the planet.”
C-PACE financing is unique in that it offers building owners long-term, low cost, fixed rate, financing payments through property taxes. C-PACE financing is currently available in 21 states for a variety of eligible energy efficiency, renewable energy, water conservation, and hazard mitigation upgrades. Through C-PACE financing Lever aims to help ensure that our nation’s buildings become more efficient, sustainable, comfortable and profitable than ever before.
Lever, which was founded in 2017, utilizes an innovative and technology-driven process that ensures they can scale quickly and effectively. The company focuses on financing transactions over $500,000 while partnering with a network of clients and originators across all states with C-PACE programs. The company, which is focused on transforming commercial real estate for the future, plans to deploy over $50MM in capital in 2018.
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. To learn more about Lever Energy Capital, visit their website at https://www.leverenergycapital.com/.