C-PACE for Commercial Banks

There are many benefits of being a C-PACE lender as a commercial bank ranging from having a new financing product to offer to having a portfolio of high performing assets.

Case for Lender Consent

C-PACE financing…

• provides capital necessary that makes a project pencil for the senior lender.
• can be deposited in bank allowing the bank to count deposits for duration of the project.
• can be escrowed like insurance and taxes that helps keep C-PACE current.
• helps development projects in mid-stream that are fall short amid tightening conditions.
• provides cost effective alternative mezzanine, private debt from bank-competitors and private equity.
• is non-recourse financing that cannot be accelerated, preserving the bank’s lead position in the event of loan defaults.
• does not require inter-creditor agreements.
• is applicable at any time during the property lifecycle ranging from new construction to retroactive financing.
• transfers upon sale of a property or be pre-paid at any time.
• can be bundled with bank draws at bank’s discretion.