PACE Equity’s mission is simple: to leverage the power of C-PACE financing to help our customers achieve financial success. At PACE Equity, financial success and climate success go hand-in-hand. That’s why we are incredibly proud of the results we are sharing in our 2023 PACE Equity Impact Report. This report will share the tangible environmental…
“Proud to be the first storage facility with this designation.” StorCo Storage, a $3 million new construction self-storage project in, St. Louis, Missouri, is the first ever CIRRUS Low Carbon verified self-storage project. CIRRUS Low Carbon is the ONLY private financial product to offer a lower cost of capital for developments built with a lower…
Building Performance Standards (BPS) are being implemented in cities, counties, and states across the country. These standards are very familiar to developers in early-adopter cities like New York, but in other places, developers may just be starting to hear rumblings about them. Rest assured, even if you haven’t heard much about them, you will. A…
CIRRUSTM Low Carbon, the only private financial product in the country with a lower cost of capital when you develop or renovate with a lower carbon design, has been revolutionizing the Commercial Property Assessed Clean Energy (C-PACE) industry since its inception. The goal of CIRRUS Low Carbon, and PACE Equity, is to offer financing solutions…
“Design Guidance, in particular, really made the qualification process very easy“ Colman Yards, an $11 million major redevelopment project in Rockford, Illinois, is the newest addition to the CIRRUS Low Carbon family. CIRRUS Low Carbon is an innovation of PACE Equity that offers a significant rate reduction for projects that reach the practical low carbon…
Ready to have your cake and eat it too? PACE Equity offers the CIRRUS Low Carbon program that includes a practical design specification along with a significantly lower interest rate. This results in improved NOI and project returns – plus a long-term boost to property value. How does Design Guidance work? We offer (at no…
“Absolutely! I would use CIRRUS Low Carbon for our next project.” Taylor Smrikárova, Director of Property Development for Redesign, Inc, was interviewed by PACE Equity about her experience with the CIRRUS Low Carbon program. Taylor is the lead developer for the Coliseum Building, a CIRRUS Low Carbon verified historic redevelopment in Minneapolis, Minnesota. This historic…
Blog post by Tricia Baker, Senior Vice President of Impact & Strategy, PACE Equity Developers hold the key to a lower carbon future. I recently worked for a few days in a living building – a building that results in net zero consumption – it doesn’t emit carbon and doesn’t use city water or sewer…
Banks have pulled back on their lending, leaving many developers facing a financing void. Sound familiar? This financing gap reflects today’s reality of tighter lending and higher interest rates. The option of using Commercial Property Assessed Clean Energy (C-PACE) to solve this financing challenge is gaining popularity. Historically, developers have seen PACE Equity as…
Alaska, New Jersey, New York City, New Mexico, Hawaii, Michigan – what do they have in common? Newly updated C-PACE legislation. They have either newly passed legislation allowing for C-PACE financing or have expanded existing programs. And they’re not alone. To date, 38 states plus Washington, D.C. have passed PACE legislation. Among them, 33 have…
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