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Los Angeles Downtown Medical Center Taps C-PACE for $10.9 Million in Financing for Energy Efficiency and Water Conservation

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C-PACE financing through CounterpointeSRE marks the growing use of PACE by healthcare facilities

Press Release

Dec 17, 2021 10:00 EST

The CounterpointeSRE Program announced today that it has closed $10.9 million in C-PACE (Commercial Property Assessed Clean Energy) financing for the LA Downtown Medical Center (LADMC) in Los Angeles, California, as the 116-bed acute care hospital and behavioral health center upgrades its facilities.  

LAMDC’s use of C-PACE marks a growing trend of acute care hospitals and other healthcare properties utilizing the program to finance measures designed to improve efficiency.

“This transaction marks the third hospital that CounterpointeSRE has helped finance improvements that reduce energy and water consumption in 2021 despite the financial pressures of the pandemic,” stated…

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