Mezzanine financing is a tried and true method for CRE projects to obtain alternative capital. However, the cost of mezz can be prohibitively high. Fortunately, there is an alternative. PACE Financing continues to be a tool which building owners and real estate developers are interested to use for their property renovation or development projects, replacing mezz in the capital stack.
With his involvement in the commercial real estate space in the area, Michael Leahey, PACE Equity's Market Leader for Colorado, was asked to write an article for the Colorado Real Estate Journal (CREJ) about PACE financing and why it should be considered vs. mezz financing.
Read the rest of the article here.
Interested to learn more? Read about a landmark project in Denver which took advantage of PACE Equity's financing.