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.