Counterpointe Sustainable Real Estate (CounterpointeSRE), through the Maryland Commercial PACE program (MD-PACE), has closed $1.9 million, 20 year, Commercial Property Assessed Clean Energy (C-PACE) financing for energy efficiency and water conservation measures at the Microtel By Wyndham hotel development project in Gambrills, Maryland by The Reliable Companies, a regional developer of commercial real estate. Located in Gambrills MD, the “Microtel at Waugh Chapel Towne Center” will be a five story, 79-room hotel. Construction is underway and the hotel is expected to open in July of 2020. The $1.9 million in C-PACE funding is being used to directly support energy efficient infrastructure inv
During the first week of October, the Maryland Commercial PACE program (MD-PACE) closed the largest solar project to benefit from C-PACE financing in the state to date. The Frederick Indoor Sports Center (FISC) will use over $880,000 of C-PACE financing to fully fund the purchase and installation of over 440 kW of solar production capacity. The Frederick Indoor Sports Center is the 26th C-PACE project in Maryland and the second largest C-PACE project in the MD-PACE program to date. The Frederick Indoor Sports Center C-PACE project was locally driven from the outset. The project’s engineering, procurement, and construction partner, Sustainable Energy Systems (SES), is a renewable energy desig
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