a. C-PACE (Commercial Property Assessed Clean Energy) financing is a highly adaptable form of low-cost, non-recourse capital for property upgrades that improve energy efficiency, utilize renewable energy, conserve water, and improve the resiliency of buildings.

b. This alternative financing is secured and repaid by a special assessment attached to the property and is generally up to 35% of a property’s appraised value. The payment obligation transfers along with ownership of the property, and the assessment can be prepaid at any time.

a. C-PACE can work within a variety of capital stacks and can be utilized in different ways depending on the needs of the developer/property owner.

b. C-PACE bridges gaps in the capital stack, ensuring projects get across the finish line.

c. C-PACE can also be used as a substitute for high-octane senior debt, blending down interest rates and reducing the cost of capital.

d. C-PACE also acts as an “Equity Reducer and IRR Juicer™”, substituting more expensive preferred equity and/or mezzanine debt for cheaper PACE financing.

a. C-PACE financing is available for commercial properties, including but not limited to: i. Office, Multifamily, Industrial, Mixed-Use, Retail, Hospitality, Senior Living, and Self-Storage.

b. C-PACE does NOT finance single-family residential properties.

c. Types of work that C-PACE can finance include: New construction, renovation, gut rehab, adaptive reuse, solar, roof projects, and refinancing of any of these projects.

d. Fill out this form to see if your property is eligible for C-PACE.

a. PLG funds projects of $1M+.

b. Take a look at some projects that we have financed.

a. In most states, C-PACE can retroactively cover eligible improvements completed in the past 1-3 years, freeing up rescue capital for stalled projects. By looking back to previous improvements, owners can reduce cost of capital, improve cash flow, and cover cost overages with retroactive C-PACE.

b. Click below to learn more about retroactive C-PACE

a. C-PACE financing is currently available in a majority of states nationwide. Check out our map to see if C- PACE is active in your area.

a. C-PACE finances a variety of renewable, energy-efficient, and resiliency projects. These include:

b. HVAC upgrades, high-efficiency lighting, building envelope, roof replacement, boilers and chillers, renewable energy, water conservation, and seismic retrofits.

c. May not be necessary due to home page eligible measures

a. C-PACE assessments cannot be accelerated. Only the past due portion is senior to a mortgage lender’s claim, which is typically only 1-3% of property value. Some senior lenders also require property owners to escrow annual C-PACE payments monthly in a similar manner to property tax escrow requirements, helping mitigate risk associated with failure to pay the assessment when due. In case of a default on senior debt, C-PACE financing does not restrict a senior lender’s foreclosure rights.

b. Chat with one of our Originators to further see how C-PACE can benefit the senior lender