C-PACE: Next Generation Construction Finance

achieve your eSG Goals

Commercial Property Assessed Clean Energy (C-PACE) is a state policy-enabled financing mechanism that allows building owners and developers to access the capital they need to make energy-related deferred maintenance upgrades in their existing buildings, support new construction costs, and make renewable energy accessible and cost-effective.

C-PACE is a direct tool for enhancing property sustainability

ESG-Ready Real Estate

With Institutional Investors pressing sponsors for ESG-ready real estate, developers are realizing a sales premium of 11.5% according to JLL’s most recent Return on Sustainability report, a material difference for properties that demonstrate climate-resilient features in energy and environmental improvements. The findings concluded “From capital raising to buy/sell decisions, underwriting, financing, and resilience planning, climate change will impact every part of an asset’s life cycle; it is entering the mainstream investor dialogue more and more.”

building to zero with C-PACE

the ESG Financing Advantage

Cash Flow Positive

Reduced utilities and operating expenses often outweigh the annual C-PACE interest payments.

Energy Efficient

Facilitates energy efficient & renewable energy projects which may otherwise be cost prohibitive.

Equity Reduction

Reduce equity with long term, non-recourse financing up to 100% of project costs.

Improve IRRs

Originated at a fraction of the cost of equity, preferred equity, and mezzanine debt.

Pass-Through Expense

As a tax special assessment, C-PACE is often recoverable from tenants or as a “green tax” to hotel guests.

No Mortgage Recording Tax

C-PACE is not considered a mortgage instrument providing borrowers with a meaningful cost savings.

Do You Want To decrease WACC and Improve IRR?

Submit a C-PACE Financing Request Now!

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