What is C-PACE?
C-PACE financing is provided by private capital providers in an open market. The financing is secured through a voluntary Assessment and Assessment Lien that is levied against the owner's property. The financing term is based on the weighted average estimated useful life of the improvements. The financing itself can cover up to 100 percent of a building's project cost and often requires no money down.
The C-PACE Financing Amount for existing building retrofit projects can be up to 25% of the fair market value of the property assessed.
C-PACE is also available to commercial real estate developers who design and construct new buildings. C-PACE financing has proven to be attractive to developers who use it to reduce their project's weighted average cost of capital or fill gaps in their financing plan. The C-PACE Financing Amount for new construction or gut rehabilitation projects can be up to 35% of the fair market value of the property assessed.
For more information go to: Pershing County C-PACE
Or contact Heidi at the PCEDA office 775-273-4909