GreenRock Continues Its Funding of ‘Green’ Endeavors – connectCRE

California  + Bay Area  + Industrial  |  February 24, 2022

If ‘green’ building leads to ‘green’ on the ledger for firms, GreenRock recently flexed in the space, with $55 million in Commercial Property Assessed Clean Energy (C-PACE) funding in recent months, in addition to other recent activity.

According to a recent news release:

These financings preceded the firm’s $103 million in C-PACE funding for Chinese Hospital in San Francisco last month. The Chinese Hospital deal was the largest single commercial PACE transaction in PACE industry history … .

With an eye to a growing senior-living market, GreenRock has helped arrange capital for the ground-up construction of a large senior living facility in Northern California, ground-up construction of multifamily development in central Ohio, a capital improvement reimbursement for a senior housing project in Woodland Hills, Calif. and capital improvement reimbursements for a prominent hotel property in San Francisco, per the release.