Coming soon to NJ! Contact us for timing and details
Talk to the C-PACE Experts
About C-PACE
Although well-established in California and many other states, C-PACE is relatively new in many others, and not yet available in some. C-PACE financing options can seem daunting, as each state has its own requirements, and lenders each have their own underwriting criteria. As the experts, we make C-PACE financing easy and seamless. We work directly with you and your senior lenders, and even undertake lender consent, if needed. We can efficiently screen your C-PACE eligibility and take care of all the details to get your C-PACE financing closed.
How Does It Work?
C-PACE is long-term financing secured by a parcel tax assessment. C-PACE funds can take the place of expensive JV Equity or Mezzanine financing, keeping overall carrying costs down. In addition, it provides 100% financing for the costs covered, is transferable in a sale and is non-recourse to the Sponsor!
Proceeds from C-PACE financing can be utilized to finance energy-efficiency measures like HVAC, LEDs, windows, water, and renewables (solar).
C-PACE can be used for new construction, renovation and standalone energy projects, such as solar arrays.
C-PACE Advantages
C-PACE Financing Provides:
- Non-Recourse Financing, transferable on a sale at no cost
- High Leverage - Up to 90% of project costs for new construction and renovations, and 100% for energy efficiency projects
- Long Term - Up to 30 year terms, fully amortizing
- Low Rates - Takes the place of Mezzanine debt and/or equity