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