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.

Benefits:

• 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