Better Capital for Better Buildings C-PACE Financing.

C-PACE for Real Estate Developers

With funding up to 30% LTV in a unique and modern financing solutions part of the capital. stack for new constructions, retrofits and value-add investments. Lean more or get in touch with our team to schedule an intro with CleanFund

C-PACE for Commercial Property Owners

Energy efficiency is a global priority. CPACE finance allows commercial real estate owners and developers to access capital for their energy efficiency, water efficiency,  seismic upgrades and resiliency measures projects.

Better Capital for
Better Building C-PACE Financing.

C-PACE for Real Estate Developers

With funding up to 30% LTV in a unique and modern financing solutions part of the capital. stack for new constructions, retrofits and value-add investments. Lean more or get in touch with our team to schedule an intro with CleanFund

C-PACE for Commercial property owners

Energy efficiency is a global priority. CPACE finance allows commercial real estate owners and developers to access capital for their energy efficiency, water efficiency,  seismic upgrades and resiliency measures projects.

CleanFund's C-PACE Financing

What is C-PACE Financing?

CPACE, or Commercial Property Assessed Clean Energy, is a tool that can finance energy efficiency and renewable energy improvements on commercial properties. 

Similar to other traditional real estate financing methods, CPACE uses borrowed capital to pay for the upfront costs associated with energy efficiency or renewable energy improvements. 

The capital is repaid over time via a voluntary tax assessment. The security provided by the tax assessment, a long-used and well understood mechanism, results in several compelling features, including long term financing and transferability of the repayment obligations to the next property owner. 

How does C-PACE Financing work?

This CleanFund introduction video explains how C-PACE financing works in under two minutes. Finance your new commercial real estate development, retrofit, and upgrades with CleanFund's CPACE. 

Overall Benefits

Financing Terms

Use of proceeds

What kind of projects does CleanFund's C-PACE fund?

Learn more about C-PACE

Learn more about C-PACE with CleanFund to fund your next commercial real estate development. 

Assessment Financing is a public improvement finance mechanism that has been around for more than 100 years to fund public works projects. Property Assessed Clean Energy (PACE) was introduced in California in 2007 as a form of assessment financing to fund improvements to qualifying properties, namely projects that reduce energy and water usage, and which are deemed in the “public good” (like assessments for school bonds, fire districts, etc.)

Step 1: State approves PACE legislation (36 so far)

Step 2: Counties or cities “opt-in” to one or more PACE programs based upon state program parameters

Step 3: CleanFund underwrites PACE programs to ensure best practices

Step 4: CleanFund sources transactions:

Directly through relationships with property owners

Indirectly through channel partners (engineers, contractors, loan brokers, solar installers)

Step 5: CleanFund underwrites individual transactions, gets program approval and funds the transaction

Step 6: The county collector adds a line-item to the property’s tax bill, and collects the new PACE payments as part of ordinary remittances

An assessment contract sets forth the property owner’s obligation to repay the PACE financing over time along with their normal property tax payments and clarifies the various terms of the PACE financing. The contract is between the property owner and the municipality in which the property is located. In California, a Joint Powers Authority (“JPA”) often executes the contract on behalf of the municipality. CleanFund purchases a PACE bond that is backed by an assignment of the assessment contract (in California and certain other states).

This assessment is levied each tax year and included on the building owner’s property tax bill. The payments are due at the same time as ordinary property tax payments. This may vary depending on state and jurisdiction. Contact the CleanFund team for more information regarding the specific payment schedule in your jurisdiction.

No, in most jurisdictions, you cannot partially pay your property taxes (i.e., choosing to exclude certain line items). In the state of CA, a partial payment of property taxes or PACE assessment triggers a delinquency of the full amount of taxes and assessments due during that billing period.

Yes. Typically, a prepayment premium must be paid in connection with a prepayment, which is set forth in the assessment contract.

Yes, PACE can be used to finance improvements that are already installed and in operation should there be written acknowledgement of PACE as a financing option. As a safeguard, CleanFund’s Initial Application includes a clause on intention to reimburse prior to the start of construction, which preserves the Owner’s right to be remunerated for work that has already been completed. This might include engineering studies, energy audits, and other soft costs.

Yes, CleanFund can provide financing for up to 100% of costs associated with the improvements, including soft costs, such as engineering, site work, and energy audits.

What is C-PACE Financing?

C-PACE, or Commercial Property Assessed Clean Energy, is a tool that can finance energy efficiency and renewable energy improvements on commercial properties. 

Similar to other traditional real estate financing methods, CPACE uses borrowed capital to pay for the upfront costs associated with energy efficiency or renewable energy improvements. 

The capital is repaid over time via a voluntary tax assessment. The security provided by the tax assessment, a long-used and well understood mechanism, results in several compelling features, including long term financing and transferability of the repayment obligations to the next property owner. 

Key Benefits of using CPACE:

CleanFund CPACE can return developer's equity on a recently completed project. Proceeds can then be used for any use including cost overruns on a current development under construction. Additionally, the typical loopback window for construction reimbursement is 3 years.

Lain Gutierrez, CEO - CleanFund

Overall benefits

Financing Terms

Use of proceeds

Meet The CleanFund Team Of Experts​

William Cassidy

Head of Underwriting

Laurence Hughes

Managing Director of Business Development

Manny Valido

Managing Director of Business Development

Renee Pifer

Managing Director, Portfolio Management

Jessica Knowles

Human Resources Manager

Christopher Polidoro

Financial Analyst

Bhavik Patel

Director of Business Development

Herve Drompt

Director of Sales & Marketing

Nicholas Zuba

Director of PACE Policy and Programs

Cleanfund's : CPACE Webinars

Watch CleanFund’s webinars to better understand how CPACE financing is designed to be one of the best solutions to finance mechanical, electrical, plumbing, seismic and other building components. 

New, valuable component of the real estate capital stack

Non-recourse capital for major improvements to commercial, multi-family and alternative nonresidential properties. 

100% Financing for vital building improvements

Finance up to 100% of hard and soft cost for both new construction and property acquisition or retrofit projects with easy repayments through property taxes.

Long-term capital to maximize property cash flow

With savings often exceeding payments, projects pay for themselves. For solar projects, customers can directly or indirectly take advantage of sizable tax benefits.

New, valuable component
of the real estate capital stack

Non-recourse capital for major improvements to commercial, multi-family and alternative nonresidential properties. 

100% FINANCING FOR 
VITAL BUILDING IMPROVEMENTS

Finance up to 100% of hard and soft cost for both new construction and property acquisition or retrofit projects with easy repayments through property taxes.

LONG-TERM CAPITAL TO 
MAXIMIZE PROPERTY CASH FLOW

With savings often exceeding payments, projects pay for themselves. For solar projects, customers can directly or indirectly take advantage of sizable tax benefits.