Why Do Commercial Developers and Property Owners Use PACE? What Pain Can it Solve?
C-PACE is a financing solution that can solve some real pain issues for developers and property owners.
C-PACE is used to:
- Reduce equity required for a project
- Close a financing gap to get a project off the ground (C-PACE can be combined with other equity stack financing tools like Historic and New Market Tax Credits, CIDs, TIFs, TDDs, Brownfield Tax Credits)
- Diversify equity into more projects
- Increase the ROI of a project