C-PACE Structures

Property Assessed Clean Energy (PACE) is a legislated public/private partnership which creates a new financing vehicle in your capital stack. 

Property Assessed Clean Energy (PACE) is a legislated public/private partnership which creates a new financing vehicle in your capital stack. Your construction budget can use our funding for costs which impact energy & water spend, renewable improvements or seismic strengthening (select states). The repayment is made through a long‑term (20 to 30 year) special tax assessment on the property and paid as a supplement to the Property Tax bill.

C-PACE is a state by state based financing program that offers upfront funding for energy efficiency, renewable energy and water conservation components of real estate development projects.

C-PACE is a great fit for gut rehabs, new construction and retrofit projects. In many cases, it can be used retroactively on projects that have already started or completed construction.

The program works well with projects of all kinds and is increasing in popularity because of its numerous benefits.

Benefits

  • Long-term, fixed-rate financing
  • Up to 30% of Hard Costs
  • Requires no out-of-pocket costs
  • Increases energy savings
  • Works with other incentives
  • Creates positive environmental impact
  • Covers hard and soft energy costs
  • Non-recourse after construction

 

Eligible Improvements

  • Insulation & envelope Roofing
  • HVAC equipment & controls Seismic & resiliency Elevator/escalator Windows
  • Plumbing
  • Indoor air quality Lighting
  • Solar PV

Let Us Find the Right Financing For You

Each project is unique, therefore, the underwriting of loan amount, rates, and terms is “project specific.”

Please contact a team member to discuss your project.

CLOSED TRANSACTION

Construction Loan
Chase Tower, Los Angeles