Stonehill’s CPACE group has closed or is under contract with approximately $225 million in commercial property assessed clean energy (“C-PACE”) financing year-to-date. These are across 23 transactions that span most real estate sectors, including hotels, multifamily, industrial, and mixed-use. In addition, the CPACE group expects to deploy up to $400 million in 2023 for renewable […]
CPACE Financing for Building Resiliency Improvements
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 […]
C-PACE: An Affordable Solution for Construction Issues and Cost Overruns
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 […]
CPACE Financing: Upgrading Student Housing
CPACE financing is a great financing option for many projects. This type of financing helps make permanent changes to buildings that reduce environmental impacts. This includes minor projects that can increase energy efficiency, water conservation, and building resiliency. One sector that can really benefit from CPACE eligible upgrades is student housing. This special form of […]
PACE Financing for Office Building Construction
PACE financing is a unique financing option that can be used for many projects. Many associate Property Assessed Clean Energy (PACE) loans with energy efficient upgrades to existing buildings. However, in many places, you can also use PACE for new construction projects. Often, you can do this without significantly changing the design or scope of […]
PACE Loans for Green Senior Living
Senior living facilities are incredibly common, with many older adults calling them home. As the population ages, there will be an increase in demand for senior living solutions. One differentiator for these facilities is sustainability, which can be a huge selling point to residents and their families and can also reduce overall operating costs. However, […]
Using PACE Funding for Building Flood Mitigation
PACE funding is an attractive financing option for many different types of improvements. Commercial PACE is one of the fastest growing funding options for commercial properties. Many building owners are surprised to find that many of the projects they want to undertake are eligible for PACE. For example, flood mitigation improves resiliency and may be […]
PACE Financing Interest Rates
PACE financing is an increasingly popular option for financing certain building features and upgrades. Property Assessed Clean Energy (PACE) financing is a type of financing offered in certain areas with the right legislation to allow property owners to invest in energy efficient upgrades without sacrificing cash flow for up front costs or high repayment costs […]
PACE Loans and Malls
PACE loans are a great financing option for a wide range of industries. Whether you’re planning a new construction or an improvement project, you may be eligible for this innovative and low-cost financing. For example, PACE loans can benefit shopping malls in many different ways. Therefore, consider PACE funding for your upcoming projects. How Malls […]