C-PACE

Owner Benefits:

• Non-Recourse Financing, transferrable on a sale at no cost

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• High Leverage - Up to 100% of project costs for new construction and renovations.

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• Term - Up to 25-year terms, fully amortizing

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• Low Rates - replaces the high cost of Mezzanine debt and/or equity, leaving more equity for owner.

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• Improved  Cash Flow

Property Types:

Renovation / New Construction

• Office

• Hospitality

• Industrial

• Retail

• Multifamily*

• Agriculture

• Special Use

* in select states

A low-cost Energy Capital Program that makes economic sense. Long-term funding for energy efficiency, renewable energy, and water conservation projects.

How does it work?

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The C-PACE program is administered by the local tax authority and funded by private firms. Long-term financing is secured by a parcel tax assessment. The authority collects the payments with their tax bill then passes on the payment to the private lender.

C-PACE proceeds in the capital stack replace high-cost debt, mezzanine, bridge loans or equity. The result is reduced financing expenses and a bigger bottom-line. C-PACE is transferrable upon sale.

Typically, 100% non-recourse financing for the qualified costs is covered. Qualified costs are energy-related improvements confirmed by an energy engineer. Programs vary slightly by State.

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It can be combined with utility, local and federal incentive programs.

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Use C-Pace to finance energy-efficiency efforts …  

windows, roofing, insulation, lighting, HVAC, appliances, water conservation, and many others.