Partner Event

Gain Working Capital for Facilities with PACE Bonds

November 16, 2023 | 1:00 - 2:00PM PT
C-PACE bonds with GreenRock (logo)

Join HASC and GreenRock Capital, LLC, an Endorsed Business Partner, and learn how Commercial Property Assessed Clean Energy (C-PACE) bonds can benefit your hospital. Principals Mitch Creem and Joe Euphrat will explain how C-PACE offers affordable financing to fund a range of short- and long-term capital projects.

You’ll hear how GreenRock successfully led the largest single C-PACE transaction in health care industry history. In Jan. 2022, Chinese Hospital, San Francisco, gained access to $103 million in C-PACE financing. With the funding, Chinese Hospital was able to refinance outstanding debt from seismic retrofitting and new construction — and realize a projected $40 million in cash flow savings over 10 years.

GreenRock C-PACE financing is non-recourse and doesn’t require a loan agreement, financial covenants or guarantees. The company’s team of seasoned health care executives and advisors understand your business and will ensure your deal is executed quickly and efficiently.

In addition, these solutions are designed to help lower operating expenses; create healthier, safer environments for staff and patients; and support environmental, social and corporate governance initiatives. GreenRock will direct a portion of its revenue to cancer and pediatric research and patient care.

We hope you’ll join us and learn how your organization can benefit from C-PACE funding. Please RSVP for the webinar here. We look forward to seeing you online.

For any questions, contact Michael Jusi, HASC Director of Strategic Partnerships, [email protected] or (213) 538-0737.