By Jared Schlosser, senior vice president, Stonehill Commercial Property Assessed Clean Energy (C-PACE) is an innovative financing program that is gaining popularity across the U.S., as it offers a low-cost, long-term capital solution that doesn’t require upfront equity from the property owners. The central appeal for using this program for energy-efficient upgrades and retrofits is […]
Stonehill PACE Originates $16.3 Million CPACE Financing for Multi-Family Project in Tacoma, Wash.
TACOMA, Wash. and ATLANTA, Ga. – Stonehill PACE officials announced the company originated its first commercial property assessed clean energy (C-PACE) financing in the state of Washington with a $16.3 million loan for the Cornus House, a new 199-unit multifamily project with 1,233 square feet of retail development. Washington is one of 34 states that […]