PACE Financing - A Game Changer for Commercial Real Estate Owners & Developers
Specialists in Renewable Energy Project Development and PACE, PPA & Other Financing
PACE is a state-legislated, public-private partnership designed providing 20+ year, 100% financing for Renewable Energy, Energy Efficiency and Building Resilience projects which can be passed through to tenants. The financing is pre-payable and automatically transfers upon sale.
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PACE is ideally suited to fund long term property improvements that reduce utility cost and/or seismic strengthening (resilience). Owners can now fund projects like solar systems, new roofs and/or major HVAC systems profitably due to the 20+ year repayment terms. Additionally, PACE can lower total cost of capital by 100+ basis points for new construction or major retrofit projects because, at 5.75% to 6.5%, the financing is ~1/2 the cost of mezzanine or equity financing.
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Off-Grid Capital provides turn-key PACE financing services for solar project developers and contractors to help them close prospects. We help serve as your "finance" department, helping to sell a project to C-suite decision makers and managing the process from due diligence to underwriting and construction disbursement.
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