- Cleveland, Ohio
- $1.7 Million
Property Assessed Clean Energy (PACE) financing is a legislated public/private partnership fills a gap in the capital stack of commercial owners and developers. A construction budget can use our private capital funding for costs which impact energy & water spend, renewable improvements or seismic strengthening (specific guidelines vary by state and municipality). The repayment of our capital is made through a long-term special tax assessment on the property. Our How C-PACE Works page has more details.
PACE Equity provides C-PACE financing with private capital from our own direct fund. We believe in transparency, quality control and thorough underwriting. We require any lender to consent or acknowledge our participation in the project. This consent is not a subordination agreement or intercreditor agreement, it is simply ensuring that you are aware of our participation in the project. Take a look at our financing approach and learn more about us.
Both the lender and PACE Equity are doing underwriting on the property to ensure the project has adequate cash flow for its obligations. You also have sign-off and control of whether or not to accept PACE Equity financing.
In order for PACE Equity to be involved, there has to be an improvement to the property, which increases the collateral value. After the project, it is a more valuable building with lower long-term operating costs.
You’re able to differentiate yourself from competitors by partnering with PACE Equity. You can bring in a capital source for future clients, as well as have a competitive advantage for potential clients.
Offering a formulaic approach for your developer clients is a win/win. They can build their capital stack with your construction loan and PACE Equity low-cost, long-term, non-recourse funding.
Learn more about how and why PACE Equity is the answer to your client’s project funding.
Join the PACE Equity Preferred Lender Program and stand out from the rest. Provide us some details so we understand your business and how it could fit with ours. Over 300 lenders have already approved C-PACE participation.
We recommend our Preferred Lenders when our clients are looking for construction loans. No cost to participate.
© 2023 PACE Equity, Inc. All rights reserved | Privacy Policy
Website by LimeGlow Design