june 30, 2025
PLG is an approved capital provider for New Jersey's C-PACE program
PLG is now an official capital provider with New Jersey's C-PACE program, which is run through the state's Economic Development Authority. In New Jersey and across the U.S., we're seeing three main use cases for C-PACE financing:
1. Retroactive Financing
By refinancing completed upgrades, borrowers and owners can receive a liquidity infusion that allows them to pay down/off mortgage debt, fund reserves, and repatriate equity.
Depending on the state, C-PACE can refinance eligible building improvements completed in the past one to three years.
2. New Construction/Gut Rehab
For these projects, C-PACE can act as an interest rate or term hedge, bank participant and non-recourse alternative, and a leverage builder.
3. Existing Building
C-PACE is coming in to finance large CapEx projects and renewable energy additions on existing buildngs, including solar roof arrays, carports, EV charging stations, energy storage, and more.
See if C-PACE works for your project.
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