PACE Loans in the State of Delaware

Skyline image of Wilmington, Delaware

PACE Equity Funds Local Developments

PACE Equity serves Wilmington and the state of Delaware with commercial real estate financing for new construction, redevelopment, renovation, refinancing and renewable energy projects. Our firm provides gap financing for up to 30% of the capital stack (or 100% for renewable energy projects). Since 2014, PACE Equity has funded well over 200 Property Assessed Clean Energy (PACE) projects as an innovation leader, always focused on improving client returns. We use PACE financing which is low-cost, long-term, and non-recourse.

CIRRUS

Our award-winning funding program, CIRRUS Low Carbon, offers a lower cost of capital when you build a lower carbon building. We provide a design specification that outlines the low carbon goals. When you use the specification, you receive a lower interest rate – it’s that simple! Our requirements are straightforward and practical. We work with you and your design team to ensure you can meet the requirements at no cost or the lowest possible incremental costs. Lower rates for lower carbon.

PACE Financing Expert

Christian DeLisle is our Washington, D.C. Originations Leader. Christian is an experienced and skilled professional with over 15 years of experience in Commercial Real Estate Banking. He is excited to work with real estate developers and property owners to incorporate PACE financing into their communities. Reach out to him to schedule a meeting and discuss your next project.

Local PACE Programs

The C-PACE program in Delaware is administered by Energize Delaware. PACE Equity financing is available in Delaware for projects including new construction, retrofits, and retroactive refinancing for improvements installed after June 2018. The maximum term for new construction and retroactive projects is 25 years minus years since construction completion. PACE Equity’s Building Optimization and Energy Engineering Teams handle the required energy audit and applications for every program. We will guide you through our end-to-end process expertly and without hassle.

Relevant PACE Equity Case Studies for the State of Delaware

Here are some recent case studies of projects you might find interesting. We’ve got more project stories that show the many ways we’ve helped deliver PACE financing.