Property Assessed Clean
Energy Financing

PACE is a new instrument to fund energy-related improvements to commercial real estate.

WHAT IS PACE?

Property Assessed Clean Energy (PACE) is a new instrument for commercial property owners to finance energy efficiency and other improvements to existing buildings, or as gap financing for new construction. To date, 20 states and D.C. have active PACE programs to fund renewable energy, energy efficiency, water conservation, weatherization and natural disaster resiliency improvements. Puerto Rico has a similar program to fund tourism-related projects, where the CBO Team is pioneering its use.

BENEFITS OF PACE

  • No down payment, 100% funding for improvements up to 35% of the building’s value
  • Easy to qualify, since the loan is against the property the owner’s credit is not a deciding factor
  • Fast approval and funding
  • Immediate positive cash flow for energy improvements with no money down, while increasing property value by lowering operating expenses
  • Payments stay with the property if it is sold
  • Off-balance sheet, no mortgage is recorded against the property
  • Better rates and terms due to repayment from tax assessment, up to a 30-year term

HOW TO APPLY

CHECK ELIGIBILITY

Send email to
Eligibility@cbofinancial.com

COMPLETE INITIAL APPLICATION

Download

SECURE INITIAL APPROVAL*

FINALIZE DESIGN & SECURE PERMITS

FINALIZE LOAN DOCUMENTATION & FUNDS

COMPLETE PROJECT

*Property-Assessed Financing approvals are typically provided in 3-7 days. For other programs you will receive customized options and next steps.

Learn more about these and other programs by contacting our offices at 410-730-0490 or at info@cbofinancial.com.