C-PACE: Additional Capital for Your Real Estate Project

4/23/2024

Climate Change’s Impact on New York’s Buildings

The summer months have always sizzled in New York City, but recent temperatures have been unprecedented. A recent report “Overheated, Underserved” issued by NYC Comptroller Brad Lander tackles the inequitable impacts of climate change. Data demonstrates a profound lack of cooling centers in neighborhoods already underserved by public and community-oriented infrastructure.

In truth, the majority of New York’s built environment, like most building stock in U.S. cities, is woefully unequipped to deal with extreme weather-related scenarios.

C-PACE Can Help with Increasing Energy Efficiency

The Commercial Property Assessment Clean Energy (C-PACE) program is a long-term, low-cost financing tool that delivers on multiple levels for real estate projects. The financing program is now available for property owners. You can save through financing energy-efficient measures, including renewables. In addition, the program increases LTV while providing capital for energy-efficient building systems—smart investments that can help you avoid future NYC Local Law noncompliance penalties. 

C-PACE is an opportunity to “cool down” while also reducing your expensive mezzanine debt or equity.

According to NYCEEC, the Administrator of NYC Accelerator PACE, more than $165 million in capital has been mobilized for energy efficiency and clean energy projects. C-PACE is likely a good opportunity for your project, too.

Expertise Available for Your Capital Project

In response, ThinkForward has assembled experts and resources focused on financing and economic development incentives for, specifically, capital improvements designed to increase your building’s energy efficiency. If you have questions about green financing, please contact us, and we can make the appropriate introductions.

We’ve also composed a C-PACE educational document for you to learn more about the program.

Bottom Line: C-PACE can complete your full capital stack and finance energy-efficient and renewable energy-related measures. These kinds of expenses can account for 25 to 30% of total construction costs.

You Have a Project.
You Have Questions.
You Have a Funding Need.
A 10-minute conversation can go a long way toward answering your questions. We may also be able to connect you to the right resources and people to help you.
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Programs

C-PACE: Additional Capital for Your Real Estate Project

Climate Change’s Impact on New York’s Buildings

The summer months have always sizzled in New York City, but recent temperatures have been unprecedented. A recent report “Overheated, Underserved” issued by NYC Comptroller Brad Lander tackles the inequitable impacts of climate change. Data demonstrates a profound lack of cooling centers in neighborhoods already underserved by public and community-oriented infrastructure.

In truth, the majority of New York’s built environment, like most building stock in U.S. cities, is woefully unequipped to deal with extreme weather-related scenarios.

C-PACE Can Help with Increasing Energy Efficiency

The Commercial Property Assessment Clean Energy (C-PACE) program is a long-term, low-cost financing tool that delivers on multiple levels for real estate projects. The financing program is now available for property owners. You can save through financing energy-efficient measures, including renewables. In addition, the program increases LTV while providing capital for energy-efficient building systems—smart investments that can help you avoid future NYC Local Law noncompliance penalties. 

C-PACE is an opportunity to “cool down” while also reducing your expensive mezzanine debt or equity.

According to NYCEEC, the Administrator of NYC Accelerator PACE, more than $165 million in capital has been mobilized for energy efficiency and clean energy projects. C-PACE is likely a good opportunity for your project, too.

Expertise Available for Your Capital Project

In response, ThinkForward has assembled experts and resources focused on financing and economic development incentives for, specifically, capital improvements designed to increase your building’s energy efficiency. If you have questions about green financing, please contact us, and we can make the appropriate introductions.

We’ve also composed a C-PACE educational document for you to learn more about the program.

Bottom Line: C-PACE can complete your full capital stack and finance energy-efficient and renewable energy-related measures. These kinds of expenses can account for 25 to 30% of total construction costs.

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