Vertical Harvest Faces Foreclosure Over $8 Million Energy Improvement Financing
Vertical Harvest, an indoor hydroponic farm in Westbrook, is facing foreclosure on over $8 million in financing obtained for energy improvements on its property. The financing was secured through a C-PACE agreement, and the lien holder has filed a complaint.
Portland Auburn, ME, September 21, 2026 — Vertical Harvest, an indoor hydroponic farm located in Westbrook, is currently facing a foreclosure action concerning over $8 million in financing. This financing was originally secured for energy improvements made to the company’s property.
The specific lien holder has initiated legal proceedings by filing a complaint, indicating a default or non-compliance with the terms of the financing agreement. The funds in question were acquired through a Commercial Property Assessed Clean Energy (C-PACE) agreement. C-PACE programs allow commercial property owners to finance energy efficiency and renewable energy projects, with the loan repaid through property tax assessments.
Details regarding the exact nature of the alleged default, the specific energy improvements undertaken, or the timeline of events leading to the foreclosure filing were not immediately available. The contractor responsible for the improvements was not identified in the provided information. The amount of the financing is stated to be over $8 million.
Foreclosure proceedings can result in the lender taking possession of the property or forcing its sale to recover the outstanding debt. The outcome of this complaint filed by the lien holder against Vertical Harvest remains to be determined through the legal process.
Story summarized from the original created by Salomé Cloteaux on www.pressherald.com, see more information here.
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