Our loan pricing is competitive and our fees are low for the PACE market

Our financing fees are capped at 2% of the financing amount for every loan.  There are no loan application fees.

Financing fees, PACE District fees, energy engineering costs, legal costs (reasonable costs for us and our client), appraisal/feasibility and environmental report costs and other transaction-related costs, are included in the PACE financing amount.

We provide PACE financing for new projects AND for projects that were completed up to 36 months ago (“look back” feature)

PACE uniquely can fund Energy Conservation Measures (ECMs) for projects that have been completed and already paid for. PACE financing then becomes a reimbursement for the property owner or developer.

We work with our clients and their senior lenders to obtain Lender Consent/Acknowledgment of a PACE financing

In all of our local markets, we frequently meet with banks to ensure they’re educated about PACE before our clients request Lender Consent for their PACE project.

We also work with banks to fill financing gaps with PACE for projects they’re working on with their clients.

Our goal is to create a “PACE friendly” lending community wherever we operate.

We actively work with the Energy Engineer to maximize PACE funds

One of our clients closed on a major conversion project (office to hotel/apts.) of a historic building in downtown Kansas City.  Total project cost is in excess of $35 million. The PACE funds CapEx portion of the project is over $2.4 million.

By state statute in most PACE-enabled states, there’s an Energy Engineering process which requires a certified and experienced Energy Engineer to calculate and project estimated energy, water and other operating savings over the term of the PACE financing as a qualification for PACE-funded project measures.  For example, after the Energy Engineering process, we were able to provide additional PACE funding of $700,000 above the $1.7M of PACE funds that our client originally applied for.

We work with our clients to pass City ordinances to adopt PACE financing in jurisdictions where they have projects

We passed ordinances in Omaha, NE, Grandview, MO and Belton, MO to assist our clients with specific PACE projects.

We make the process easy and seamless and we work to get the project funded quickly

The PACE  due diligence and funding process can be confusing and time-consuming. Our clients are busy managing their business and doing the most important creative and value-added items that impact their projects.

We are local

We are local and can act quickly to meet our clients’ needs when an urgent issue arises.  We do the heavy lifting to ensure that our client will get PACE funding in the shortest time possible and with the least amount of their time and effort.

We do our best to ensure funding for projects that have various characteristics

One of our clients completed a redevelopment of a strip Shopping Center in the Greater Kansas City area and is using PACE for a reimbursement of funds already spent on the project. The property has a TIF and the property valuation includes the present value of projected TIF revenue.

The senior construction lender has a collateral assignment of the TIF.  The PACE financing is being provided with a full value given for the TIF part of the appraisal and without requiring a collateral assignment of the TIF Contract.

Most PACE lenders wouldn’t lend with these conditions.  This allowed the construction lender to consent to the PACE financing and approve funds to be taken out of the project by our client post completion.