Imperial Ridge Real Estate Capital Provides C-PACE Financing for 17,000-Square-Foot Medical Manufacturing Facility to Support Energy Efficiency Upgrades

BOULDER, Colorado (Oct. 25, 2023) – Imperial Ridge Real Estate Capital, a national, private commercial real estate lender based in Colorado, today announced the firm has provided commercial property assessed clean energy (C-PACE) financing for energy efficiency upgrades to Handicaps Inc.’s 17,000-square-foot medical manufacturing facility in Colorado.

“Handicaps is a terrific small business that manufacturers life-changing equipment designed to make life accessible for individuals with physical disabilities, and we were excited to help them finance their C-PACE project,” said Joel Poppert, Managing Director of Imperial Ridge. “While we tend to finance large C-PACE deals, we take great pride in being able to execute on smaller projects that give our local communities and small businesses an opportunity to leverage the benefits of C-PACE.”

The primary focus of the renovations will be improving the building’s energy efficiency, using the C-PACE financing provided by Imperial Ridge to replace the roof and upgrade the building’s mechanical systems. As a form of gap or incremental non-recourse financing, C-PACE allows owners to finance up to 100% of the cost of eligible capital expenditures including energy efficiency and renewable energy investments and can reduce the need for conventional debt, equity, or capital reserves.

“For over six decades, our company has been dedicated to delivering essential mobility solutions, improving the quality of life for individuals facing physical disabilities in our community—these renovations to our manufacturing facility are pivotal in maintaining our ability to manufacture these transformative medical devices,” said Geraldine O’Dell, Owner of Handicaps Inc.

To learn more about Imperial Ridge C-PACE financing, please visit: https://imperialridgecap.com/c-pace/

About Imperial Ridge Real Estate Capital

Imperial Ridge Real Estate Capital is a private commercial real estate lender based in Colorado. The firm acts as a single source for a full suite of commercial real estate debt products, including C-PACE all designed to maximize the value of assets for commercial real estate owners, developers and asset managers nationwide. Imperial Ridge provides combined mortgage loan products aimed at meeting the unique needs of each transaction and better addressing an ever-changing marketplace. To learn more, please visit www.imperialridgecap.com.