What is PACE financing and how does it benefit you?
PACE creates opportunities for each stakeholders. Discover the potential of PACE for your commercial real estate development project.
What is PACE Financing?
PACE, or Commercial Property Assessed Clean Energy, can finance energy efficiency and renewable energy improvements on commercial properties.
PACE uses bond proceeds to pay for the upfront costs associated with energy efficiency or renewable energy improvements.
The capital is repaid over time as a tax assessment. The security provided by the tax assessment results in long term financing and transferability of the repayment obligations to the next property owner.
Use of proceeds
PACE is for all stakeholders
CleanFund benefits each stakeholders in the real estate industry. Discover how PACE can benefit your organization.
What States have an established PACE program?
At CleanFund, we constantly track the evolution of PACE Policy and Programs. It is evolving everyday.
PACE Financing Starts with CleanFund
Get in touch with our team of experts to get started.
Commercial Property Owners
C-PACE enables owners to fund projects with no out-of-pocket costs.
With terms up-to 30 years, C-PACE makes it possible for owners to make deep, comprehensive retrofits that typically result in energy savings that exceed the annual assessment payment.
Commercial Real Estate Developers
Build a more valuable and competitive building
Less expensive from capital that can be amortized over 30-years, making it easy to maximize the cash flow benefits of the improvements being made to a specific property.
Commercial Mortgage Broker
Cost of capital is lower
With the financing secured by the underlaying real estate, the cost of PACE can be much lower than equity or mezzanine debt.
Expand your commercial solar business
Flexible financing platform for commercial solar and solar-plus-storage projects, enables owners to save money, regardless of their ability to utilize all available solar tax benefits.
Increase job creation and retention with C-PACE in your proposal
Offer a more appealing financing option, which allows owners to think more broadly about upgrades, and answers the age-old question, “Great, now how are we going to pay for it?”.
Lenders and Banks
Lenders can replace part of their mortgage with C-PACE
C-PACE does not accelerate so only annually levied property tax payments, if unpaid, would be considered “senior” to a mortgage in a foreclosure situation. Lenders will impound property taxes and pay taxes on behalf of their borrowers.
Lower the carbon footprint of your community's built environment
C-PACE is a voluntary program that creates jobs, improves the environment, and helps local business owners and companies improve their buildings and save money on their utility bills.
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CleanFund provides better capital for better buildings, making financing projects easy and affordable