Funding Your Commercial Property Assessed Clean Energy Solutions 

What is C-PACE

C-PACE or Commercial Property Assessed Clean Energy is a long term financing tool for commercial property owners to pay for energy efficiency upgrades

A City or County creates a land secured financing district. Property owners sign up for financing to install energy projects. The lender then provides funds to pay for project. 

Property Owners then install upgrades to their facilities then the C-PACE loan is paid back through a special assessment on their property taxes 

Local Government 

establishes PACE Program. After approval City or County will create C-PACE Financing District  

Property owner completes energy audit to indentify energy savings. Lender provides capital to pay for approved energy projects. 

Property owner receives capital and hires contractors to install energy efficiency projects

Owners use energy

savings to repay

special assessment against the property through property tax bill

 
Benefits of C-PACE 

Cash flow positive from day one and increased property value 

Solves split incentive problem, payments can be passed easily to tenant 

Financing is not tied to the credit of the property owner or developer

Decreases maintenance cost and increases net operating income 

Non-recourse (no personal guarantee) payments run with the land and are

transferred to subsequent owner upon sale of property 

Long term with no upfront cost - 100% financing 

Energy savings can fund C-PACE assessment payments 

Creates Local Jobs 

Lower cost of doing business 

Healthy Environmental Impact 

Before 

After 

C-PACE in the Capital Stack

Senior 

 Debt

Mezzanine

     Debt

Equity

Senior 

 Debt

C-PACE

Equity

Active C-Pace States 

C-PACE Legislation is constantly developing. Currently these are the markets with funded projects

  • Oregon

  • California

  • Utah

  • Colorado 

  • Texas

  • Nebraska

  • Missouri

  • Arkansas 

  • Minnesota 

  • Wisconsin

  • Michigan

  • Ohio

  • Kentucky

  • New York

  • New Hampshire

  • Maryland 

  • Rhode Island 

  • Washington DC 

  • Virginia

  • Florida 

​       In Process 

  • New Jersey

  • Illinois 

  • Georgia

  • Pennsylvania 

  • Massachusetts 

  • Nevada 

 
 

Municipalities 

New Construction 

Industrial 

Retail

Office

Improving Your Asset Efficiently 

Heating/Ventilation

Lighting

Insulation

Solar Energy

Roofing

Multi Family

Windows

Plumbing

             Ohio State University

 

          Student Housing Project 

        :New Construction Project

 

            5 Story 258 micro unit 

           PACE Loan: $4,817, 207

             

             Library Park Apartments 

 

            Downtown Columbus, Ohio

         Rehab/New Construction Project:

 

               70 Studio Apartments   

               PACE Loan: $2,790,604

             

             Case Western University 

 

                   Cleveland, Ohio

           New Construction Project:

 

               204 Bed Student Housing  

              PACE Loan: $2,906,388

AR-190719188.jpg

                 McKinley Grand Hotel 

 

                  Hall of Fame Village                                   

                      Canton, Ohio 

                Redevelopment Project:

 

              166 Room Hilton Hotel  

              PACE Loan: $3,040,000

Mckinley-Grand-Remodel.jfif
HamiltonQuarter_20200416-0023.jpg

              Hamilton Quarter Office 

 

                    Columbus, Ohio

            New Construction Project:

 

               141,437 Sq. Ft.  - 11 acres  

              PACE Loan: $4,320,000

Park Inn Original.jpg

                         

                         Park Inn Hotel 

 

                          Toledo, Ohio

                  Redevelopment Project:

 

                   Hilton/Homewood Suites                                                            309 Room Hotel   

                  PACE Loan: $9,355,000

Cuyahoga River Capital LLC

 

            mdegrandis@crivercap.com              1-888-742-7484    

Copyright © 2019 CR PACE 

Combo_Logo-01.png

A Division Of: