C-PACE is an excellent supplement to a traditional mortgage in your capital stack.
It reduces your weighted average cost of capital and is substantially cheaper than traditional mezzanine, preferred equity, and certainly equity.
Can be used to finance 100% of the hard and soft costs attributable to HVAC, controls, lighting, water treatment, solar and similar equipment.
Long term funding with repayments ranging from 20 to 30 years.
C-PACE is “quiet” funding as there are no acceleration provisions, covenants, or reporting requirements.
Due to the 20+ year term, the annual payments are lower than traditional alternatives allowing Owners to realize incremental cash flow immediately upon completion of the installation.