Photo by Richard Hurd
One Community Bank Finances PACE Wisconsin’s 100th Project
May 16, 2024
FOR IMMEDIATE RELEASE
Contact:
Jamie Balsiger
One Community Bank
608-838-3141
jbalsiger@onecommunity.bank
One Community Bank Finances PACE Wisconsin’s 100th Project
(May 2024) – One Community Bank is excited to be the C-PACE lender of PACE Wisconsin’s 100th project! PACE Wisconsin is a statewide Commercial Property Assessed Clean Energy (C-PACE) program that enables property owners to obtain low-cost, long-term loans for energy efficiency, renewable energy, and water conservation improvements.
“At One Community Bank, we were among the first to jump on board with the PACE Wisconsin Program. We’re proud to have helped 28 commercial property owners across Wisconsin secure CPACE loans. Today, hitting the 100th milestone feels like a celebration of our commitment to building stronger, energy efficient communities together,” said Dan Carey, Chief Commercial Officer.
PACE Wisconsin’s 100th project is the Reserve Student Apartments located near UW-Stevens Point in Stevens Point, WI. The property owner is receiving financial assistance from OCB to implement upgrades for the roof, walls, windows, high efficiency HVAC, and low flow fixtures. These enhancements are crafted to minimize energy and water consumption, while supporting the collective efforts against climate change.
“This was another exciting opportunity for One Community Bank to partner in the PACE program while providing financing for a great developer on a large student housing project. This loan was unique since it was already complete and allowed the client to retroactively utilize the lookback period allowed by program,” said Marc McMerty, VP – Commercial Banking Officer.
OCB is proud to be a C-PACE lender and provide financial support to property owners for eco-friendly projects or improvements. Learn more about PACE Wisconsin by visiting www.pacewi.org.
Feel Good Financing
One Community Bank is one of the largest community banks in south central Wisconsin. The locally owned bank has 16 bank locations and $2.1 billion in assets. It provides both personal and business banking solutions, with an intense focus on serving clients, supporting colleagues, and investing in its communities. Six years in a row named one of Madison’s best places to work, One Community Bank serves the communities of Oregon, McFarland, Waunakee, Stoughton, Sun Prairie, Cottage Grove, Middleton, Adams, Oxford, Grand Marsh, Hillsboro, La Farge, Readstown, Wonewoc, and Union Center. Member FDIC.