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PACE Lending

Commercial Property Assessed Clean Energy (C-PACE) provides real estate developers and property owners with an innovative tool to finance construction projects within existing buildings or new construction. With funding from private capital sources, the C-PACE program is modeled after other funding methods used to fund public benefits and infrastructure.


  • Participant Replacement: STONEHILL PACE can provide a solution on loans needed to be participated or syndicated
  • Increase in Deposits: C-PACE assessments fund in full at closing. These funds, along with capitalized interest, reserves and escrow can be held by the Senior Lender.
  • Competitive Capital Stack: C-PACE provides a borrower with an added solution if the senior lender cannot get to the leverage request.
  • Reducing Exposure: Senior Lender can reduce exposure in the asset and use C-PACE to remain at the same all-in basis.
  • Reserves for Underperforming Assets: Senior Lender can use C-PACE for operational/interest reserves on existing collateral that has been impacted from COVID-19 Pandemic.
  • Cost Overruns: C-PACE can be added to any project on hold from cost overruns.

PACE can fund a wide variety of improvements including:

  • HVACR and Controls
  • Lighting & Electrical
  • Building Envelope
  • Water Efficiency
  • Renewable Energy / CoGen
  • Associated Soft Costs

Loan Guidelines

Amount $1M – $100M
Rate Fixed starting at 7.00%
Amortization Up to 30 years
Purpose New Construction
Loan To Value Up to 30%
Loan To Cost Up to 35%
Loan Term Up to 30 years (no payment for the first 2 years)
Loan Fee 1.00%
Guarantees Non-recourse and flexible prepayment