Describe your image
Describe your image
C-PACE BENEFITS
BASED ON PROJECT VALUE and no personal or corporate guarantees required. Financing is sourced from our network of private and institutional investors to complement senior lenders to finance retrofit, renewables and construction costs.
NON-ACCELERATING financing similar to property tax and typically viewed as an operating expense. C-PACE is treated as off-balance sheet financing and can also be paid back at any time.
SECURED AGAINST THE PROPERTY with a special tax assessment on the property as a property tax assessment. Payments can be passed through to NNN tenants and automatically transferred to new owner upon property sale.
WHAT IS C-PACE
Commercial- Property Assessed Clean Energy (C-PACE) provides real estate developers with an innovative construction financing mechanism to complete a project's capital stack early on. The unique characteristic of C-PACE assessments is that the assessment is attached to the property rather than an individual.
ELIGIBLE EXPENSES
Items that qualify for C-PACE is extensive. and are not just solar! Very often C-PACE can account for up to 25% LTV of your project. Items such as Energy Efficiencies like HVACR and controls, air sealing & ventilation, windows, lighting & electrical; Water Efficiencies like irrigation; Renewable Energies including soft costs such as permits, architectural & engineering plans and more.
KEY FEATURES
Interest rates are competitive since the tax assessment mechanism is considered secure and low-risk. Funding is released alongside senior and can be used for a variety of qualifying expenses often up to 25% of a development's total cost. Often C-PACE is used to replace more expensive mezzanine or equity.
