So you may have heard all the buzz lately about "C-PACE financing." Could this intriguing loan product benefit your construction project?

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C-PACE stands for Commercial Property Assessed Clean Energy. It is a tool that finances energy efficiency and renewable energy improvements on commercial buildings. Lending is done through a unique public-private partnership. Eligible improvements include energy efficiency, renewable energy and energy storage. Also, non-energy measures such as storm and seismic hardening. 

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C-PACE is available to industrial, commercial, agricultural, multi-family, and non-profit/religious properties. Terms tend to be longer than with traditional financing since the program uses a tax assessment mechanism for repayment. Private capital from local banks or national lenders is a common loan source. Regardless of the lender, the loan is repaid through an assessment on the property owner's tax bill.

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In today's rising rate and inflationary environment, C-PACE offers some of the most competitive capital available for construction projects. 

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If you would like to see if this program could work for you, call Steven today.