C-PACE for New Development, Refinance, Renovation, and Rescue: Jan. 30, 2024

December 19, 2023

About the Event

Property Owners are experiencing unprecedented external pressure to respond to climate issues from equity investors and government mandates. Market demands for green buildings presents an opportunity to position real estate portfolio for superior returns versus non-responsive competitors, but limited CAPEX constrain opportunities.

Institutional investors and large capitalized sponsors are entering the commercial PACE (property assessed clean energy) market seeking solutions for new construction, renovations, and ESG portfolio issues. This webinar will present an overview of C-PACE funding mechanics utilizing case studies of C-PACE to illustrate utilization in development, recapitalization and rescue to illustrate the limitations and benefits of C-PACE over traditional debt financing. Still a nascent market, C-PACE represents an opportunity for early adopters.

Date/Time

Tuesday, January 30 (2:00 PM – 3:00 PM ET)

Objectives

• Learn the basics of PACE, how it functions, and why sponsors are requesting for the capital stacks of new construction and retrofits
• Follow the financing mechanism from creation of tax lien, issuance of municipal bond, and collection process through the property taxes
• Recognize recommended practices to maximize net proceeds and to gain senior lender acceptance
• Hear case studies of how PACE has been utilized for refinancing, rescue, renovation and incorporated into the capital stack of new development of commercial properties

Experience Level

• Entry-Level
• Intermediate

Target Audience

• Lenders
• Originators
• Mortgage Brokers
• Mortgage Bankers

Speaker(s)

Michele Pitale, Managing Director, Head of PACE Finance, Counterpointe Sustainable Real Estate