NCG News

Former home of Belen’s Flowers gets a new lease on life!

Farmington Hills, Mich.    Newman Consulting Group, LLC, is pleased to announce that they have completed financing for the first Property Assessed Clean Energy (PACE) project in Ingham County, Mich. PACE financing is a relatively new option in Michigan that allows building owners to finance energy efficiency upgrades (HVAC, windows, lighting, insulation, etc.) with long-term, low-cost financing. PACE works for new build or renovations of existing buildings.

Farmington Hills, MI  The Garfield Metro Building, a medical office building at 37555 Garfield Road, in Clinton Township, is the first commercial building in Macomb County to take advantage of new PACE (Property Assessed Clean Energy) financing that adds value to property through a direct increase in NOI (Net Operating Income). The PACE program, an innovative financing structure, makes it possible for owners of commercial, industrial, and other non-residential properties to obtain long-term financing at very favorable rates for energy efficiency, water conservation, and renewable energy.