C-PACE Financing in Missouri

PACE Equity Finance funds C-PACE loans in St. Louis, Kansas City, Springfield, and other cities in Missouri

Commercial Property Assessed Clean Energy (C-PACE) is an innovative finance solution for building owners and developers. The flexible C-PACE structure offers low-cost, fixed-rate financing. In Missouri, the Missouri Energy Initiative and Missouri Clean Energy District oversee programs such as Show Me PACE, St. Louis County ESP, and Set the PACE St. Louis Clean Energy District.

C-PACE Status: Active Program
Max Term: 20 years
Max LTV: 25%
Refinance Availability: 3-year lookback

$7.6 million in C-PACE financing for a new construction hotel development. PACE Equity Finance delivered 25% of the capital stack with speed and expertise, when others couldn’t fund it. Kansas City, Missouri.

Missouri C-PACE Programs

Missouri has several C-PACE programs, in cities across the state. The financing provides for 20-year fixed rate funding, no required payoff upon sale, possible shared costs with your tenants, and pairs with utility energy incentives.

Missouri C-PACE Financing Parameters

Property Types

Multifamily, Senior Housing, Industrial, Hospitality, Retail, Office, Storage

Eligible Projects

Renovation, Redevelopment, Refinance, New Construction, Renewable Energy

Term

Up to 20 years.

Amortization

Fully amortized over the term.

Interest Rate

Fixed rate over the term; spread over a 10-year UST.

Capitalized Interest

No payments during the construction period.

Recourse

Non-recourse, completion guarantee (on New Construction and major redevelopment).

Repayment

Paid through an annual or semi-annual tax assessment on the property.

Prepayment

Prepayable at any time, subject to step-down prepayment premium. No lockout.

LTV

Up to 25% property value.

DSCR

1.10 – 1.30 at stabilization.

Funding Time

Construction, Mid-Construction, Refinance — up to 3 years after completion.

Missouri C-PACE Financing Case Studies

StorCo Storage
$3.0 Million
St. Louis, MO
  • Industrial/Storage
  • New Construction