More About C-PACE

Commercial Property Assessed Clean Energy, known simply as C-PACE, is public-private financing encouraging sustainability in commercial real estate projects. Private capital funds qualified real estate projects, the costs of which are paid over the long-term through property taxes.

Benefits

C-PACE financing offers substantial returns to property owners by helping fund capital projects that upgrade assets and improve your bottom line.

Up to 100% Financing

    • Fully amortized over long term at low, fixed rates
    • Non-recourse with a broad range of credit accepted
    • Interest only period available
    • Cheaper than mezzanine debt and preferred equity
    • Saves cash, lowers operating expenses, and brings tax benefits
    • Counts as equity in the capital stack for new development

Improves Asset

  • Modernizes building systems, features, and amenities
  • Operating savings improve property cash flow and NOI
  • Tax Incentives
  • Enhances marketability to tenants and customers
  • Reduces company’s environmental footprint

Property Tax Treatment

  • Enables tenant pass through for financing payments
  • Off-balance sheet financing available
  • Less long-term liability than traditional debt
  • Transferable upon property sale

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How C-PACE Works

  • C-PACE funding provides capital to the Property Owner.
  • The Property Owner makes annual financing payments to the Local Tax Authority, alongside the property tax bill.
  • The Local Tax Authority collects and transfers C-PACE payments to Lender. Payments are treated as property tax.