If you own a commercial property, you may be eligible for CPACE financing. This can help you cover the cost of resilience improvements for your building. In this blog post, we’ll explain what CPACE is and how it can benefit your business.
If you need PACE financing for your commercial property, reach out to our team to discuss your options.
Make Your Building More Resilient to Disasters with CPACE Financing
CPACE financing is an innovative financing solution. It helps property owners make their buildings better. You can use this financing to improve energy efficiency or make your building more resilient to natural disasters such as hurricanes, floods, and wildfires. CPACE stands for Commercial Property Assessed Clean Energy. It works by allowing property owners to repay loans for specific improvements over up to 30 years through a voluntary assessment on their property tax bill. CPACE loans can cover up to 100% of project costs. Furthermore, CPACE loans come with fixed interest rates for up to 30 years. CPACE financing has already helped commercial buildings across the nation make necessary upgrades to become more resilient to disasters. If you have been looking for ways to strengthen your commercial building’s defenses against such disasters then CPACE financing might just be the answer for financing these projects.
Why Consider PACE for your Property?
PACE loans are a great option for making improvements to your commercial property. They’re available for energy efficiency upgrades, water conservation, as well as building resiliency in some areas. By taking out a PACE loan, you can spread the cost of the project over 10 to 30 years and make payments through your property taxes. PACE loans also come with fixed rates and attractive terms for those who qualify. Additionally, a lot of the projects you can use CPACE for will also increase the value of your property. PACE financing offers a great resource for businesses looking to make cost-effective, sustainable upgrades to their commercial properties.
Types of Resiliency Projects PACE Loans are Available For
CPACE financing is an incredibly helpful tool when it comes to improving your building’s resiliency in the event of a natural disaster. This type of financing is available for a variety of improvements and upgrades, including things like:
- Stronger roofing
- Emergency generator systems
- Shutters for high winds and storm surges
- Water-resistant finishes for floods and standing water
The CPACE program offers financing at competitive interest rates with flexible terms so you can secure the improvements necessary before disaster strikes.
Get Started with CPACE Financing
PACE lenders, such as Stonehill PACE, make it easier than ever for commercial property owners to access CPACE financing. By placing a PACE loan as an assessment on the property, PACE lenders work with borrowers to create low interest loan repayment plans based on the budget and investment timelines of each individual project. This means you can achieve your goals and without sacrificing cash flow. To get started with PACE financing for any building resiliency improvement project, speak directly with Stonehill PACE – we have the expertise and insight to help you find the best financing solution for your needs.
We hope this overview of CPACE financing has been helpful in understanding how you can use it to improve the resiliency of your commercial building. If you have any questions or would like to discuss CPACE financing solutions for your own property, our team would be happy to help. Contact us today to get started.