Off-Grid Capital qualifies the property owner and guides them through the process required to secure PACE financing
Interpreting PACE Legislation & Understanding of Relevant PACE Programs
Off-Grid Capital Advisors understands what qualifies and how to fight through grey area. We will guide the property owner to secure the maximum the amount of PACE funding for a project and avoid obstacles in the process.
Energy Engineering Studies
If necessary, we will work with engineers who understand PACE requirements, and we can help design the scope of work necessary for lender and/or PACE program approval.
Negotiating Favorable Terms
Off-Grid Capital will negotiate with all major PACE capital provider to identify the most attractive financial package for you. Starting with understanding your financial objectives, we will secure the best rate and amortization, pre-payment terms, construction period terms, and capitalized interest periods.
PACE financing was designed to facilitate passing through the PACE principal & interest cost to tenants. We will assist the property owner to identify which qualified improvements are best suited for this purpose.
Mortgage Lender Consent
Securing lender consent to the PACE assessment contract is a critical component to structuring a PACE transaction and this is done early in the process. Off-Grid Capital has secured such consent even when others had failed.
Interacting with Other Funding Sources
Coordinating with other capital stack investors play a critical role in funding today’s development or major renovation deals, and our experience with various debt & equity sources can maximize your probability of closing. We will prepare detailed financial analysis relevant to the PACE transaction and work hand-in-hand with your analysts and accountants to incorporate such into your financial proforma.
Legal Closing Documents
As a relatively new funding mechanism, few attorneys have the experience to close a PACE deal efficiently. We work with attorneys that have completed multiple PACE closings and can provide you with the experience to reduce costly delays, unexpected issues at closing, and keep overall legal fees reasonable.
After closing, Off-Grid Capital will provide proof of a properly filed assessment.