McKnight's July 31, 2024
With the higher interest rate environment constraining banks and seniors housing and healthcare borrowers alike, there may be value in knowing more about C-PACE.
An acronym for commercial property-assessed clean energy, C-PACE is a financing structure that was created to encourage developers and owners to incorporate energy efficiency, renewable energy and related features in new or renovated commercial buildings. While not a federal initiative, C-PACE programs are overseen by the U.S. Department of Energy and are authorized and overseen by states, whose programs are similar but not identical.
Currently, 35 states and the District of Columbia have approved and operate C-PACE programs. Borrowers through the programs make loan repayments via an assessment on their property tax bill. Since loan...
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