Minneapolis, Minnesota (Aug. 18, 2025) – PACE Loan Group (PLG) provided $13 million in C-PACE financing for construction of a SpringHill Suites by Marriott Hotel in Lakewood, Washington, a Seattle suburb. In addition to the C-PACE funds, the project received $11.5 million from 1st Security Bank, with a total capital stack of $37.6 million.

The C-PACE proceeds cover energy conservation measures on the property, including ENERGY STAR windows, HVAC, domestic hot water heaters, lighting systems and controls, and high-rise building mechanical systems, which are expected to generate $114,371 in annual operational savings.

“This project was a strong fit for C-PACE, offering an accretive source of financing to support the development of a hotel in a high-performing lodging market. The streamline

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