C-PACE Eligibility

C-PACE is the commercial arm of the PACE program (Commercial Property Assessed Clean Energy).

Commercial property can be loosely defined as real estate that's used for business activities. This refers to buildings that are occupied by businesses, but it can also refer to land that is used to generate revenue, also included are large residential rental properties....

Through C-PACE, commercial property owners and developers can obtain low-cost, long-term financing for up to 30% of the property value. It is cheap capital financing with huge tax benefits and no personal guarantees needed.

THERE ARE MULTIPLE BENEFITS TO C-PACE….

Improves cash flow into the property

Improves overall value of property

Deferred payments; pay closer to occupancy.

Low-cost alternative to Mezz debt

Covers 100% of financing(permits, inspections, etc)

Transferable with sale of property

Long-term, fixed rate financing; up to 30 yr terms

Off balance sheet financing

No acceleration clause

No personal guarantees needed

7 year look back period in most states

Eligible Properties

~Office

~Multifamily

~Mixed use

~Warehouse

~Industrial

~Schools (private)

~Healthcare

~Retail

~Commercial properties with restrictions (historical properties)

~There are additional types of buildings that are eligible; such as, multifamily properties with five or more units, or a commercial unit