By: Isabelle Elizondo On: September 18, 2023 In: Comments: 0

On April 2021, NY Green Bank (“NYGB”) committed $25.0 million to a construction loan to finance the construction of a 65-room, energy efficient hotel in Gardiner, NY, named Wildflower Farms (the “Project” or “Hotel”). NYGB committed an additional $4.0 million in November 2022, bringing the total commitment to $29.0 million. NYGB will be supporting the Project alongside CleanFund Commercial PACE Capital, Inc.,1 marking its first investment alongside a C-PACE capital provider. This transaction demonstrates NYGB’s commitment to supporting high performance buildings and represents NYGB’s first debt investment in an energy efficient (“EE”) new construction property.

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