Commercial Property Assessed Clean Energy (C-PACE) is a financing solution offering fixed-rate, non-recourse private capital with up to a 25-year amortization. Available for recapitalization, retrofits, and developments, repayment is made through a non-accelerating property tax assessment on the property which is transferable upon sale or prepayable at any time.
$11.6 million downtown Denver office recapitalization post-completion. Denver, Colorado.
The Colorado C-PACE Program, administered by Sustainable Real Estate Solutions, enables C-PACE financing across the state. The majority of Colorado counties have opted-in to the C-PACE program. Eligible financing amounts are determined by a Total Eligible Construction Costs (TECC) calculations. Projects that meet or exceed 2021 IECC are eligible for proceeds up to 35% TECC.
