building smarter financial solutions from the ground up
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, renewable and seismic projects. When it comes to navigating the nuances of commercial real estate finance, PLG offers the support and guidance that no one else can. We lend more than money. We lend expertise.
LENDING PARAMETERS
FINANCING AMOUNT
Generally $1 million and above.
Lending Footprint
PLG will lend wherever PACE is eligible.
Loan Terms
Generally 20-30 years, dependent upon state-specific term limits.
Max LTV
Generally not to exceed 35% of appraised value.
Pricing
Fixed rate for the term of the loan. Loans quoted over the Treasury index and quoted on a deal-by-deal basis.
Amortization
Self-amortizing.
Property Types
Traditional: office, industrial, retail, hospitality, multifamily, and manufacturing.
Specialty Use: Senior Living, Mobile Home Communities, Parking, Agriculture, Theaters (stage and film), Data Centers, Auto Dealerships, Educational and more.
Eligible Improvements
Energy efficiency, renewables, energy storage, water conservation, seismic.
Lender Consent
Mortgage lender consent prior to closing.
Recourse
Non-recourse.
Prepayment
No lockout, defeasance or yield maintenance. PACE Loans are prepayable any time subject to a tiered prepayment fee.
