C-PACE Benefits for Property Owners and Developers
With C-PACE’s unique features compared to traditional construction financing, building owners can make needed energy efficient capital improvements to their properties, tackle deferred maintenance and “monetize” operational efficiencies.
Energy efficiency and clean energy improvements reduce a property’s reliance on the grid and reduce a property’s carbon foot print. The resulting upgrades enhance both the NOI and the value of the property.
- Long-term, fixed interest rate financing up to 35+ years
- Enhances building value by upgrading building with highly efficient improvements
- Finances a wide array of eligible measures
- Transfers upon sale to the next property owner (“runs with the land”)
- Reduces or eliminates the need for expensive mezzanine debt
- Finances up to 35%+ of total hard and soft costs for new construction projects
- Long amortization = lower payments
- Defers P&I payments until project stabilizes
- Financing is non-recourse to the borrower
- Reduces senior debt while maintaining DSCR requirements of senior and C-PACE lenders
Download the What is C-PACE? For Property Owners and Developers document from the Flyers and Presentations page.