Post written by Rob Shear, CEO of PACE Sage Capital, LLC
We are pleased to announce that PACE Sage, LLC and PACE Sage Capital, LLC have merged to become a full service Commercial PACE (C-PACE) and Commercial Energy Efficiency (CEE) regional Loan originator, operating in Missouri, Kansas, Nebraska, Oklahoma and Arkansas under the name PACE Sage Capital, LLC.
The company will be sourcing and funding C-PACE Loans in MO, NE and AR and CEE Loans in KS and OK for both ground up development and building improvement/redevelopment projects.
C-PACE/CEE Loans are long-term (typically 20-25 years), fixed, competitive rates, non-recourse and repaid through annual special assessments on the property. They go into the equity stack and reduce the amount of cash equity required for a project. ROI typically increases with C-PACE/CEE Loans.
Unique to these loans is the ability to access C-PACE/CEE funds up to 24 months after a project’s completion. This is the C-PACE/CEE “look back feature”.
PACE Sage Capital’s initial funding limits for any one loan will be $300K to $6.0M.
The company launched its new website (www.pacesage.com) and LinkedIn Company Page (https://www.linkedin.com/company-beta/17997638/) concurrently with the merger. The website has several pages that are helpful in explaining C-PACE/CEE Loans and why commercial property owners and developers use this financing tool.
The company will be a first mover and the primary GO TO source for C-PACE/CEE Loans in its local markets.