C-PACE Financing

Green Pace Financial, Inc. announces the closing of $95.3 Million in C-PACE approved construction financing for three premier California Coastal development projects

SAN DIEGO, May 23, 2022 /PRNewswire/ — Green Pace Financial, Inc. the nation’s leading C-PACE advisory firm announced the closing of $95.3 Million in C-PACE approved construction and bridge financing. The company delivered the ideal C-PACE financing solutions for a 120 Unit Multifamily complex, a 110-bed memory care facility and a mixed-use spa, hotel plus luxury condominium project.

SAN JOSE, CA, 120 Units – $18.9M C-PACE plus $30.9M C-PACE approved senior financing. The developer engaged Green Pace Financial, Inc. during COVID to maximize low interest, non-recourse C-PACE financing. As restrictions lifted and construction costs stabilized the company closed the C-PACE financing along with a national debt fund providing the C-PACE approved senior construction loan.

ORANGE COUNTY, CA -`$10.9M C-PACE plus $11M C-PACE approved senior financing. The developer engaged Green Pace Financial, Inc. to arrange C-PACE financing to recapture three years of energy savings improvements. The recently completed 110 Bed memory care facilities construction loan was coming due, so our team went to work maximizing the C-PACE proceeds along with a new senior lender to provide the needed proceeds to lease and stabilize the project.

CARLSBAD, CA – $10.6M C-PACE plus $13M C-PACE approved senior financing. The developer engaged Green Pace Financial, Inc. to utilize C-PACE on a premier coastal mixed-use project including a luxury spa, hotel plus condominiums. Our team maximized the C-PACE proceeds while executing with a qualified senior lender to get the project off the ground.

“We are excited to be arranging financing nationwide on all commercial project types of any size. Our experienced team of advisors are working hard to meet our clients’ financing needs while creating essential jobs by advancing energy saving projects” stated Shawn Heyl, CEO of Green Pace Financial, Inc.

About Green Pace Financial, Inc

Green Pace Financial, Inc. the nation’s leading C-PACE advisory firm structures complete capital stack solutions up to 85% Loan to Cost for all commercial project types utilizing our Construction Plus C-PACE program. The company executes for their clients by negotiating the best C-PACE pricing and terms while also securing the most qualified C-PACE approved senior loan. The result is the highest leverage, lowest interest, non-recourse construction financing available in the industry.

Conclusion:

Green Pace Financial, Inc.’s announcement of the $95.3 million in C-PACE approved construction financing for three premier California Coastal development projects marks a significant milestone. This substantial funding highlights the growing confidence in C-PACE as a key driver for sustainable development. By supporting these high-profile projects, Green Pace Financial demonstrates its commitment to advancing green building practices and reinforcing the role of innovative financing solutions in shaping the future of real estate development.

People also ask

C-PACE (Commercial Property Assessed Clean Energy) financing is a form of funding for energy-efficient and renewable energy improvements on commercial properties. It allows property owners to obtain capital for green upgrades, which is then repaid through property taxes over an extended period.

Green Pace Financial, Inc. has successfully closed $95.3 million in C-PACE financing for three major development projects along the California Coast. This financing will support construction and sustainability improvements for these high-profile real estate ventures.

This financing is crucial as it enables the integration of advanced green technologies and sustainable practices into the development projects. It supports environmental goals and enhances the energy efficiency of these high-value properties, aligning with California’s commitment to sustainability.

C-PACE financing offers property owners and developers the opportunity to finance energy-efficient and renewable energy improvements with no upfront costs. The financing is repaid through property taxes over a long term, which can improve cash flow and increase property value while supporting environmental sustainability.

The successful closing of this substantial C-PACE financing deal highlights the growing adoption and effectiveness of green financing solutions in the real estate market. It underscores the increasing confidence in C-PACE as a viable tool for funding sustainable development and demonstrates Green Pace Financial's leadership in advancing green building practices.

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