What is C-PACE?

A great fit for your project

What is C-PACE Financing?

Property Assessed Clean Energy (PACE) is a legislated public/private partnership which creates a new financing option for your capital stack. Your construction budget can use our private capital funding for costs which impact energy & water spend, renewable improvements or seismic strengthening (select states). The repayment of our capital is made through a long-term special tax assessment on the property.

C-PACE designates the Commercial version of PACE. PACE Equity exclusively funds commercial real estate projects.

One Minute Video

PACE Financing Encourages Energy Efficiency, Economic Development and Job Creation using Private Capital

Which Improvements are Eligible to Calculate Available Funding?

Keep in mind that this is not an exhaustive list; every state has unique options for eligibility. Some states have special “Savings to Investment Ratio” requirements. In all cases, states and municipalities want to encourage sustainable building practices. C-PACE financing provides a win for developers/owners AND for communities.

One Minute Video

PACE Financing Eligible Improvements

What Kinds of Projects Does PACE Equity Fund?

What Asset Classes does PACE Equity fund?

Senior Housing Case Study

The Parkdale – MI - $2.4 million
Case Study

Office Case Study

Landmark Building – NE - $10.4 million
Case Study

Retail Case Study

Regency Landing – NE - $2.6 million
Case Study

Hospitality Case Study

JW Marriott – Dallas, TX - $5 million
Case Study

Industrial Case Study

Vortex Cold Storage – MN - $4 million
Case Study

Multifamily Case Study

Luna Apartments – FL - $10.5 million
Case Study

C-PACE Requires 87 Steps… And We Do Them All

You don’t need to know all the C-PACE funding requirements – because we do! We’ve been working on C-PACE projects for the past decade. We have funded “firsts” across the country and across asset classes. As the C-PACE financing leader for development projects, PACE Equity has unmatched experience and unparalleled expertise to optimize your funding amount and move you seamlessly and simply through the financing process.

We’ve created a unique process that maximizes your funding and amortization term. We’ve learned from the hundreds of projects we’ve done across our own engineering and leadership teams. Our Fast Track™ Funding process delivers a seamless end-to-end experience you can only find at PACE Equity:

In short, we manage the details. You focus on your project.

When everything else was complicated, PACE Equity stood out as easy.
David Crisafi
Principal, Ceres Enterprises

Why Should I Use C-PACE?

One Minute Video

Boost IRR and Increase NOI

What’s the Difference between PACE and C-PACE?

You’ll find that we use the terms “PACE” and “C-PACE” interchangeably. PACE stands for Property Assessed Clean Energy and denotes a legislation that states and municipalities use to encourage sustainable building practices. C-PACE designates the Commercial version of PACE. PACE Equity exclusively funds commercial real estate projects.

Where Is C-PACE Financing Available?

PACE Equity is available in states and cities across the U.S. and continues to grow. We believe in working locally and building long-term relationships. As C-PACE legislation expands, so do we.

Looking for Even Lower Rates?

Get even lower funding rates when your project meets our exclusive specification, developed in partnership with the New Buildings Institute. To maximize your property value and lower your carbon footprint, take advantage of our PACE Equity Sustainability Fund with even higher returns when you meet low carbon design criteria.

We even offer engineering design assistance to help you reach the goal. Read our Insights article on Optional Design Assistance to Boost Returns.

Can I Get Funding for Completed Projects?

Yes! In certain states, retroactive refinancing is available for projects completed within the last 2 years. This is an excellent way to:

  • Get access to liquidity reserves
  • Reduce debt
  • Refinance equity
  • Cover cost overruns

You can take advantage of prior improvements which impact utility spend (HVAC, lighting, windows, etc.), renewable energy measures, and/or seismic retrofits (in certain states). Our engineers analyze your building improvements and then calculate the maximum amortization starting from when the improvements were installed. Your funding amount is based on this retroactive energy savings.

More Questions? We Have Answers.

Review the Frequently Asked Questions from developers, owners & lenders. Or contact us — we are glad to answer your questions and talk through your next project.

Short on time? Fill out an online application form to Get Started.

One Minute Video

Watch our 30 minute webinar called “Curious About C-PACE?” for more details