A smarter way to finance your next commercial real estate project.
We lend more than money. We lend expertise. With fast decision making, hands-on underwriting, and ethical operations, we guide capital to our client’s bottom line.
PACE CAPITAL ADVANTAGE
An innovative way to capitalize commercial real estate projects, PACE is a low-cost source of alternative equity. PACE can benefit your capital stack and increase project yields.
& Adaptive Reuse
Build at or above local energy code and unlock PACE financing for around 10%-20% of project hard costs. Using PACE does not preclude developers from capturing energy rebates, further increasing the economic benefit of PACE.
& CapEx Projects
PACE can finance the replacement of end-of-life building materials. Whether its adaptive reuse or everyday CapEx, PACE can finance up to 100% of the project costs with no out-of-pocket from the building owner.
& Green BuildingS
PACE funds 100% of the costs associated with renewable energy improvements such as solar, grey water and geothermal. PACE helps landlords take the extra step toward energy independence and lower operating expenses.
Reduce owner cash equity with long term, fixed-rate financing covering up to 100% of project costs.
Lowers Cost of Funds
Originated at a fraction of the cost of equity, preferred equity, and mezzanine debt.
Pass Through Expense
As a tax special assessment, PACE is often recoverable from tenants.
Cash Flow Positive
Reduced utilities and operating expenses often outweigh the annual PACE interest payments.
Promotes Efficiency & Renewable Energy
Facilitates energy efficient & renewable energy projects which may otherwise be cost prohibitive.
Off balance sheet opportunity
PACE is a special assessment and owners should consult to determine if off-balance sheet treatment is applicable.
PACE QUALIFYING IMPROVEMENTS
Windows, insulation, foundation, glazing & more
Boilers & chillers
Hot water, replace end-of-life equipment & heating upgrades
Automated building controls
Combined heat/power systems, variable speed on motors, pumps & fans
Full overlays, upgrades for solar installation
High efficiency lighting
LED and low wattage lights & associated install costs
Energy efficient upgrades and retrofitting
Low-flow fixtures & associated install costs, reclamation systems
Solar, wind & geothermal energy
Existing structure & foundation modifications