New Construction

C-PACE is Ideal for New Construction and Retrofits

Finance up to 20% of the Completed Project’s Appraised Value

Financing for ground-up construction is available in most PACE jurisdictions. It is also available for significant retrofits/renovations, even on unstabilized properties. the determination of allowable property improvements as a percentage of property value is based on the appraised value at completion.

C-PACE is Accepted by Some of the Largest Construction Lenders

As an excellent source of funds in complex projects, C-PACE covers a large number of expensive rehab eligible products including chillers, elevators, control systems, HVAC, etc.

Achieve the Highest Levels of Green Building Certification

Low-cost funding of the incremental investment needed to achieve green building designations drives sustainability efforts and results in lower operating costs, higher rents and higher NOI’s.

Delivering A Reduction In The Overall Blended Rate Of Your CAP STACK

A new construction or gut rehabilitation project can benefit greatly from deploying C-PACE in the capital stack. The above illustration shows an increase in returns when commercial PACE is added to a capital stack and even higher returns when C-PACE can replace mezzanine financing.  

Case Study: Gut Rehab

Hospitality Case Study

Gut Rehab with Seismic Strengthening
$10.4 million C-PACE Financing
The Hyatt Centric
Sacramento, CA

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HASRE is partnership between Counterpointe Sustainable Real Estate and Hannon Armstrong.