Investing in a green future

We are a top capital provider for property assessed clean energy


Inland Green Capital is an environmental finance and investment company. It provides capital for PACE project initiatives throughout the country. In addition to our enthusiasm for PACE from a business perspective, Inland is excited to provide leadership in advancing the energy-efficiency and sustainable movement sweeping the country.

PACE stands for Property Assessed Clean Energy, a new way for commercial and residential property owners to finance energy efficiency measures for their properties. Whether it is energy efficiency upgrades, renewable energy projects, water conservation, or hurricane mitigation, PACE offers 100% funding through local and state governments, and is repaid through an assessment on the property. The benefits of PACE can include no up-front cash investment, long-term financing, and no payoff upon sale since PACE assessments remain with the property for the next owner. Most importantly, the program promotes sustainability efforts in the real estate industry.

Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc. (Inland) which is one of the nation’s largest commercial real estate and finance groups. Inland has been creating, developing and supporting real estate related companies for 50 years. It is comprised of a group of separate legal real estate investment and financial companies with managed assets with a book value in excess of $16.4 billion, doing business nationwide. Inland companies cumulatively employs over 1,000 people. In its history, Inland has raised more than $22 Billion in capital from more than 478,000 investors. Inland is headquartered in Oak Brook, IL and has the distinction of being the 2009, 2014 and 2017 Better Business Bureau Torch Award Winner for Ethics in the Marketplace.


Inland Green Capital is currently an investor in PACE bonds through various subsidiaries. To date, we have purchased PACE bonds from program administrators in California and are listed as an approved capital provider with several other PACE programs. We do not have a limit of allocated capital for PACE and are focused on the continuing success of PACE throughout the country. We are actively looking to deploy capital for PACE and other environmental initiatives.

Inland Green Capital views this investment not only from a business perspective, but also as an opportunity to demonstrate leadership in the real estate community regarding energy efficiency and sustainability initiatives. Adding energy saving improvements will help save on utility costs, improve property values, and benefit the environment. Whether it is helping administrators starting or expanding PACE programs or purchasing private placement PACE transactions, Inland Green Capital is committed to supporting energy efficiency measures throughout the real estate industry.





The Illinois Energy Conservation Authority NFP (IECA) closed the first commercial Property Assessed Clean Energy (C-PACE) financing deal in Illinois on August 30, 2019, totaling $318,000. This transaction, which will fund a roof replacement and solar photovoltaic (PV) system in Wood Dale, Illinois, also marks the first solar C-PACE financed project in the state.

The C-PACE capital is funding a new roof and solar PV upgrades for an approximately 23,800-square-foot industrial flex space located on over 1.5 acres in Wood Dale. The building is owned and occupied by Noland Sales Industries, a floor-covering contractor serving the Chicagoland area. Noland Sales Industries secured a 25-year term and is expected to receive annual utility savings of $15,311, aside from any other tax incentives or utility or manufacturer rebates.

“To have a program that allows significant improvements and ‘green’ alternatives without putting more strain on our corporation has been remarkable,” said Donna McCaleb, chief financial officer of Noland Sales Industries. “The incentives of the C-PACE program will directly impact our bottom line by giving us more liquidity, improving our carbon footprint and adding value to our building.”

The solar PV system will be installed by Bright Life Renewable Energy, LLC, based in Naperville, Illinois. With more than 15 years of solar experience, Bright Life initiated the C-PACE application with their client through the IECA.

“This is the first C-PACE deal we have been involved in, as we were drawn to the great benefits the program provides,” said Rick Akins, president of Bright Life. “We estimate that clients will save up to 100 percent of their current energy usage, and since there is minimal out-of-pocket cost up front, cash flow to their business can be greatly enhanced.”

Recently introduced in Illinois, C-PACE is an innovative financing tool that provides low-cost, long-term funding for energy efficiency, renewable energy and water conservation projects on commercial properties. PACE financing is currently available in 36 states. From 2009 to 2018, PACE programs have funded 1,934 qualifying projects for a total of $883 million, while also creating over 12,000 jobs. The adoption of the PACE program by the DuPage County Board makes DuPage County one of the first C-PACE programs in Illinois.

“We are thrilled to be the first to conduct this historic solar C-PACE financing deal in DuPage County,” said Mark Pikus, president of IECA. “The IECA is uniquely positioned to assist Chicagoland commercial real estate owners in establishing successful C-PACE programs that will support greater economic development activity, as well as contribute to developing high performing buildings through installation of energy efficiency and clean energy technologies.”

The IECA is a not-for-profit organization that was formed out of a commitment to bring C-PACE program administration to the Chicagoland area.

The Better Business Bureau of Chicago & Northern Illinois (BBB) is honored to announce this year’s award winners and new board members activated at its 92nd Annual Dinner held on Thursday, March 7, 2019 at the Swissotel Chicago. With over 600 attendees, the event featured the globally acclaimed Dev Patnaik, CEO of Jump Associates and one of the leading voices for Conscious Capitalism, as the keynote speaker.

Jump Associates is a strategy and innovation firm that works with some of the world’s most admired companies, including GE, Nike, Target and Virgin. Dev is a frequent speaker at business forums, and his articles have appeared in numerous publications, including Businessweek, Forbes, and Fast Company, and is the author of the widely acclaimed book “Wired to Care.”

 Distinguished awards that were presented include:

Torchbearer of the Year Award to Daniel Goodwin. As Chairman and CEO of The Inland Real Estate Group of Companies, Inc., Dan oversees a business that specializes in creating, developing and supporting separate real estate investment and financial companies. His passionate focus on ethics in business led to The Inland Real Estate Group of Companies winning the coveted Better Business Bureau Torch Award for Marketplace Ethics three times in the last eight years.

  • Diogenes Award for Excellence in Media to Zully Ramírez. Zully works as a reporter for Telemundo Chicago’s consumer unit. “Telemundo Chicago Responde” was launched in 2015 and offers Spanish speaking consumers a direct opportunity to have their concerns investigated. Through her mediations and investigations, she has helped consumers in the Chicago area and suburbs recover nearly a half million dollars. 
  • The James E. Baumhart Lifetime Achievement Award to Dale J. Mueller, the Chairman of Chicago AAMCO Transmission Dealers. Dale is the owner and operator of eight AAMCO Transmissions and Car Care operations, and Midas auto repair centers in Chicagoland. Since starting his business in 1967 he has won numerous awards from both franchises for excellence in sales and customer service. He has been a member of the Better Business Bureau since 1986, currently serves on the Board of Directors and is Chair of the Ethics and Standards Committee.

“All of our award recipients exemplify the goals and principles of the Better Business Bureau to support and foster an ethical marketplace benefiting both consumers and businesses,” says Steve J. Bernas, president & CEO of the BBB.

The dinner also included the addition of several top business leaders to the Board of Directors. In alphabetical order they are:

  • David J. Abrams | Sales Manager, Windy City Limousine & Bus Worldwide.  As a premier transportation company providing worldwide services, David’s business was voted “Best Transportation Provider in Illinois” nine times in the past ten years by peers in the hospitality industry. 
  • Rich Baudo | Vice President of Sales for Comcast Spotlight Chicago.  Since 2017, Rich has been the Vice President of Sales for Comcast Spotlight Chicago, the advertising sales arm of Comcast Cable. He leads a team of 50 local and regional sales professionals in the Chicago market. 
  • Ed Connealy | Connealy Design Element.  Started in 2016, Connealy Design Element provides consultation to the local Architect and Design community and drives sales for some of the industry’s most beautifully designed products. 
  • Victoria Garofalo | Vice President, Director of Marketing at Pan American Bank & Trust Responsible for the bank’s marketing activities, Victoria oversees the development and delivery of a fully integrated marketing strategy. 
  • Susan Jacobs | SVP Revenue Strategy, Tribune Publishing.  In her current role at Tribune Publishing, Susan leads revenue and sales strategy across nine major markets, including Chicago Tribune, NY Daily News, Baltimore Sun, Orlando Sentinel, Ft. Lauderdale Sun Sentinel, Hartford Courant, Allentown Morning Call, Virginia Pilot, and Newport News Daily Press. 
  • Juan Leyva | General Manager, LondonHouse Chicago.  Juan manages a team of over 300 employees and oversees day-to-day operations at the 452-room luxury lifestyle hotel in downtown Chicago. 
  • Natalie Bauer Luce | Executive Vice President for Culloton Strategies.  Natalie has developed and executed award-winning integrated marketing and communications campaigns. She’s an executive at a media communications and strategy firm that specializes in media relations, crisis communications, public affairs and grassroots campaigns. 
  • Roger T. Stelle | Founding Partner, Meltzer, Purtill & Steele LLC.  With a law practice focused on the representation of closely-held companies, including succession issues and the pursuit of both growth and exit strategies for their principals, Roger is a founding member of one of the largest suburban-based law firms in the Chicago metropolitan area with offices in both Schaumburg and Chicago. 
  • Walt Valo | Managing Director, Lucid Agency.  As Managing Director of Lucid Agency’s Chicago office, Walt Valo focuses on new business development and leading integrated digital marketing strategies that drive business growth for a variety of Fortune 500 clients.

PNC Bank was the presenting sponsor for this this year’s Annual Dinner. This year’s gold sponsor was Inland Real Estate Group of Companies. Silver sponsors included ComEd, Discover Financial and Fox Valley Auto Group.

Other major announcements at the Annual Dinner included:

  • The 2019 BBB Educational Foundation’s scholarship contest for high school seniors and college students will move to all video submissions this season. Entries must be submitted by Friday, May 31st. For more information go to org/entry-guidelines.
  • The 25th Annual Integrity Golf Classic will be held at Northmoor Country Club on Monday, July 22nd. All proceeds raised from the golf outing will benefit the BBB’s Educational Foundation. For sponsorship opportunities and golfer registration go to org.
  • Nominations for the 2019 BBB Torch Awards for Marketplace Trust and Excellence are now open. Nominate your company today at org.

By Better Business Bureau. March 15, 2019.

Inland Green Capital LLC, in collaboration with Solar and Energy Loan Fund (SELF) and the St. Lucie Board of County Commissioners, provided capital for three PACE transactions in the city of Fort Pierce.

A 3,344 SF retail center utilized PACE as a financing tool for energy-efficiency upgrades to doors, windows, hurricane shutters, an improved HVAC system, and roof. A 1,076 SF residential building received financing to improve the outdated HVAC as well as the roof and windows. Additionally, Inland Green Capital provided PACE capital for a 20,000 SF commercial building which will be used to update lighting and its existing HVAC system.

Through the use of PACE financing, all Borrowers had no upfront costs related to the improvements. Due to PACE being a land-secured assessment, repayment is structured over time as part of the buildings’ annual tax bill and not an obligation of any person.

Inland Green Capital provided PACE financing in the amount of $1.6 million for energy-efficient improvements on a seven-story office building in downtown Kansas City. PACE administrator, Missouri Clean Energy District collaborated with Inland Green Capital to update the 105,000 square-foot property’s aging HVAC system. Additional improvements include upgrading the controls and infiltration repair.

Through the use of PACE financing, the Borrower receive 100% financing for the costs and will repay the total amount through a special assessment which is part of the property’s real estate tax bill. The repayment will span over 15 years and stays with the property. PACE financing required no personal liability for the repayment.

Inland Green Capital LLC, in collaboration with PACE administrator, Samas Capital, provided a $492,052 PACE bond to facilitate the funding of solar panels on a 28,093 SF, two-story office building in Anaheim, California. The financing funded 100% of the costs of the transaction.

The PACE financing was provided up-front and will be funded as the construction/ installation progresses for the improvements. The loan will be repaid in the form of a special assessment on its tax bill over 10 years. The amount owed is secured by the property with no personal guarantees of any kind.

Samas Capital was able to coordinate the local contractors, while Inland Green Capital provided the necessary capital allowing the building to proceed with the energy efficiency enhancements.

Inland Green Capital LLC, through the Greater Cincinnati Energy Alliance, made history by providing capital for the first PACE transaction in the state of Kentucky. Ivy Knoll Senior Living Community in Covington became the first private property owner to have received 100% financing in the amount of $784,236, enabling the 7-story, all electric building to benefit from several energy-efficient improvements. These benefits will include solar panels, automated heating and cooling for each of the residents’ units, and LED lighting throughout.

By using PACE financing, Ivy Knoll was able to borrow 100% of the costs and will repay the amount as a voluntary special improvement assessment on its property tax bill, which runs with the property and not with the individual property owner.

Additionally, because of its flexible capital, Inland Green Capital was able to provide interim, unsecured financing to the property owner to commence the renovations pending the closing of the ultimate PACE transaction, without the typical underwriting parameters of a conventional banking source. PACE financing did not require any personal guaranty!

The successful completion of the first PACE transaction in the state was largely due to the collaboration and expertise brought on by Greater Cincinnati Energy Alliance as the program administrator.




DATE:             October 2, 2014

CONTACT:     Alyssa Templeton, Inland Marketing & Communications, Inc.



Inland Green Capital LLC Steps Up In Green Financing for PACE

Company Expands Financing for Sustainable Real Estate Upgrades in Florida


Oak Brook, Ill. - Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, is continuing its involvement in Property Assessed Clean Energy (“PACE”) financing by expanding to St. Lucie County, Florida. In August 2014, Inland Green Capital partnered with St. Lucie County and the non-profit organization Solar and Energy Loan Fund (“SELF”) to create a new PACE program which will allow easier access for commercial property owners to “go green.” Inland Green Capital will provide the capital for energy-efficient improvements such as HVAC upgrades and renewable energy projects such as solar panel installations.

“Programs like PACE are making it more convenient than ever to upgrade real estate properties with environmentally-conscious features,” said Mark Pikus, senior vice president of Inland Green Capital. “The program provides financing for commercial property owners looking for ways to upgrade their property with such improvements.”

PACE provides upfront financing through local and state government and is repaid by a special assessment that is part of the real estate taxes, potentially spanning 20 years. Since the security is in the form of a special assessment, the PACE financing runs with the property. Inland Green Capital has invested in PACE by funding PACE projects and assisting program administrators with start-ups and expansions. Inland Green Capital is an approved capital provider for many PACE programs throughout the country.

Inland Green Capital is actively seeking more opportunities to help PACE program startups, purchase private placement PACE transactions and promote sustainability in the real estate industry.



About Inland Green Capital LLC

Inland Green Capital LLC is an environmental finance and investment company that provides capital for Property Assessed Clean Energy (PACE) project initiatives throughout the country. For more information about Inland Green Capital, please refer to the company website at


DATE: March 10th, 2015

 Inland St. Lucie PACE, LLC, a subsidiary of Inland Green Capital LLC, with the collaboration of SELF (Solar and Energy Loan Fund), has provided capital for the financing of the installation of clean energy improvements at Adams Ranch in Fort Pierce, FL. The two-parcel property, totaling 234 acres, has gone through the St. Lucie Property Assessed Clean Energy program to install solar water heaters. These updates will allow for vast energy saving benefits and also make the local property owner one of the first to take part in this new program in St. Lucie County.

The St. Lucie PACE program provides easy access to financing an array of clean energy projects for commercial properties with no up-front capital necessary from the borrower. SELF helps administer the program throughout the St. Lucie County area. With improvements such as HVAC, solar panels, hurricane protection, and water mitigation being offered, energy-saving sustainable improvements have become more readily available for commercial owners than ever before.

About Inland Green Capital LLC

Inland Green Capital LLC is an environmental finance and investment company that provides capital for PACE project initiatives throughout the country. For more information about Inland Green Capital, please refer to the company website at

DATE: September 24th, 2014

Port St. Lucie, Florida- With green initiatives being a hot topic in Florida, Doug Coward and Duanne Andrade of the non-profit Solar Energy Loan Fund (SELF) and Mark Pikus of Inland Green Capital LLC took the time to present the many benefits of incorporating energy efficiency and renewable energy features in commercial real estate and how to finance them through Property Assessed Clean Energy (PACE)

 St. Lucie County and SELF recently launched a PACE financing program in August 2014, which offers commercial real estate property owners upfront financing for green projects such as renewable energy, wind mitigation and water conservation. Capital for the program is funded by Inland Green Capital and is repaid through a voluntary assessment on the real estate that is repaid over time as part of the annual property tax bill. The program encourages green initiatives, reduces operating costs, stimulates the local economy through the use of community contractors, as well as promotes sustainability in the real estate industry.


About Inland Green Capital LLC

 Inland Green Capital LLC is an environmental finance and investment company that provides capital for PACE project initiatives throughout the country. For more information about Inland Green Capital, please refer to the company website at



DATE: January 28th, 2015

Oak Brook, IL- Inland Green Capital LLC is pleased to announce its collaboration with the Los Angeles County Property Assessed Clean Energy (PACE) Program to be the capital provider for two of its PACE bonds in southern California. Both transactions were finalized during fall of 2014.

The Pomona Masonic Lodge, located in Pomona, CA, was the first bond purchase. The 15,648 SF building will be utilizing the funds to construct a 20 kW Solar Photovoltaic (PV) Array System on its rooftop. This solar panel system will allow for reduced utility costs and electric energy consumption.

Inland Green Capital also funded PACE improvements for Huntington East Medical Building in Glendora, CA. The 47,742 SF facility will be using the PACE capital to update to an energy-efficient HVAC system.

Both transactions for these commercial PACE projects were brought to Inland Green Capital by Structured Finance Associates, a provider of financing for real estate property owners for energy efficiency capital expenditures.


About Inland Green Capital LLC

Inland Green Capital LLC is an environmental finance and investment company that provides capital for PACE project initiatives throughout the country. For more information about Inland Green Capital, please refer to the company website at

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