PACE Loans in the State of Rhode Island

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PACE Equity Funds Local Developments

PACE Equity serves Providence and the state of Rhode Island with commercial real estate financing using Commercial Property Assessed Clean Energy (C-PACE) loans. The state of Rhode Island allows this financing option to encourage energy efficiency in the local building stock. The C-PACE financing can be used for new construction, redevelopment, renovation, refinancing, and renewable energy projects. Our firm provides C-PACE loans for up to 30% of the capital stack (or 100% for solar and other renewable energy projects). Since 2014, PACE Equity has funded well over 200 PACE projects with a focus on delivering improved return on equity for our clients.

Download C-PACE Info Sheet
CIRRUS

PACE Equity also offers an innovative low carbon C-PACE financing option called CIRRUS Low Carbon which combines C-PACE financing with a green building designation. The program provides financial benefits, including a substantial rate reduction, for pursuing enhanced energy efficiency. This efficiency improves the carbon footprint of the building which makes it more appealing to your tenants. We even help you by coaching you through the design changes necessary to secure the lower rates.

CIRRUS Low Carbon Details

PACE Financing Expert

Schedule Time With Me

Schedule Time With Me

Stephen Arrivello is our Rhode Island Originations Leader. Stephen has more than 20 years of real estate experience including finance, development and brokerage with a specialty on acquisition and assemblages of property. He is also the Executive Director of the Community Preservation Alliance. Reach out to him to schedule a meeting and discuss your next project.

Local PACE Programs

Rhode Island’s C-PACE program is administered by the Rhode Island Infrastructure Bank. PACE Equity financing in Rhode Island is available for new construction and retrofits. Rhode Island C-PACE offers long-term financing for up to 25 years for both soft and hard project costs. For all programs, the PACE Equity Engineering and Building Optimization Team performs the required energy audit and application to the program. We offer an end-to-end process that allows you to experience a streamlined and event-free process.

Relevant PACE Equity Case Studies for the State of Rhode Island

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.

Questions? Interest? Ready for more? Let’s connect.

Here is where we can fund projects today

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