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 […]
PACE Loans for Financing COVID-19 Upgrades
As more and more businesses and public buildings are re-opening, building owners are working to mitigate risks of COVID-19 transmission. Upgrades are happening far and wide, but they can quickly become costly, leaving many building owners with the issue of having to choose between cash flow and doing everything they can to reduce the risk […]
Welcome to the New Stonehill PACE Blog!
Our company, Stonehill PACE, has recently launched a new website to showcase our PACE lending services. We provide direct PACE lending for hotels, multifamily living, senior living, student housing, retail stores, offices, industrial buildings, and self-storage facilities. Our focus on new construction and major redevelopment is unique in the PACE financing industry. Our team of […]