Case Study: First & First transforms a historic St. Paul landmark with Sunrise Banks C-PACE financing

First & First transforms Avalon with Sunrise Banks’ C-PACE financing and hosts 20+ events

The customer, First & First, a real estate development firm, faced the challenge of redeveloping the historic but outdated James J. Hill Reference Library. The building required major improvements and energy-efficient upgrades, which presented significant financial and logistical hurdles. With financing from Sunrise Banks, specifically a Commercial Property Assessed Clean Energy (C-PACE) loan, they were able to undertake this transformative project.

Sunrise Banks provided a C-PACE loan that enabled First & First to fund crucial energy-efficient upgrades, including a new state-of-the-art HVAC system and LED lighting. This solution from Sunrise Banks allowed the developers to successfully transform the building into the Avalon event venue. The results include a modernized, comfortable space that has already hosted over 20 events, ensuring the historic building's preservation and reducing its environmental impact for a new generation.

First & First