Pace Loan Group

What is C-PACE?

C-PACE (Commercial Property Assessed Clean Energy) is a financing tool that provides commercial real estate owners low-cost, long-term funding for energy-efficient, solar, wind, and geothermal energy sources, water conservation, and seismic projects.

C-PACE is used to supplement traditional mortgage debt proceeds and complete a capital stack, making it instrumental in bridging funding gaps between mortgage and equity. When it comes to navigating the nuances of commercial real estate financing, PLG offers the support and guidance that no one else can.

PLG Reduces
Cost of Capital

PACE financing can reduce expensive mortgage debt and elminate mezzanine debt from your capital stack.

Read the PLG C-PACE whitepapers

At PLG, we lend more than money.
We lend expertise.

C-PACE Lending Parameters

Financing Amount

$1 million and above.

Lending Footprint

PLG will lend wherever C-PACE is eligible.

Loan Terms

Up to 30 years, dependent upon state-specific term limits.


35% appraised value.

Eligible Improvements

Energy efficiency, renewable (solar, wind, geothermal), energy storage, water conservation, and seismic.


Fixed-rate for the term of the assessment. Quoted over the Treasury index and quoted on a deal-by-deal basis.



Lender Consent

Mortgage lender consent prior to closing.




No lockout, defeasance, or yield maintenance.

Property Types

Traditional: Industrial, Retail, Hospitality, Multifamily, Senior Living, Manufacturing, and Office.

Property Types

Specialty Use: Parking, Agriculture, Theaters (Stage and Film), Data Centers, Educational, and more.

C-PACE is not a mortgage
C-PACE assessments are collateralized by a special assessment lien, not a mortgage. Unlike mortgages, C-PACE liens cannot be accelerated - meaning the loan cannot be called in the event of a default. This is an important distinction and gives mortgage lenders comfort when consenting to C-PACE.
Retroactive C-PACE
C-PACE loans can retroactively cover eligible improvements started or completed in the past 1-3 years, providing liquidity to projects in need of recapitalizations and refinancing. By looking back to previous improvements, owners can reduce cost of capital, improve cash flow, and cover cost overages with retroactive C-PACE.
C-PACE payment flow of funds
C-PACE loans are secured by a special assessment lien and are underwritten as a real estate tax. Because C-PACE is classified as an assessment/tax, owners have the added benefit of including the C-PACE payment as a reimbursable expense. C-PACE covers 100% of eligible costs, has 10-30 year terms, is freely transferable upon sale, and is a low-cost equity alternative.

See if C-PACE works for your project. 

PLG News

Stay up-to-date on how C-PACE can help your commercial real estate project in any market.

Learn more about C-PACE

Articles by PLG experts to help you integrate C-PACE into your projects.