PACE (Property Assessed Clean Energy) is
a financing tool that offers bond-backed loans to commercial building owners to fund energy-related and water-conservation building improvements. Unlike traditional credit-backed financing, PACE loans are payable through the building’s tax bill and the debt stays with the building, not with the business entity. PACE may be of particular interest since the loan is repaid through a tax bill line-item and its cost can be passed through to tenants.
With increased efficiency comes lower operating costs, higher ROI and increased property valuation. PACE offers a number of advantages to commercial real estate owners. Contact us to find out how PACE can benefit you.