WHY C-PACE?

  • Long repayment periods and attractive interest rates reduce the time needed to recoup investments in efficiency projects.
  • Lower rates and more flexible structure than mezzanine debt or equity
  • No guarantee needed from principals or parent companies
  • There’s no need to refinance when selling the property or re-leasing. C-PACE obligations attach to the property – not its owner or tenant – and payments can be passed to tenants under net leases.
  • Payments can be delayed for up to two years by using C-PACE proceeds to pre-fund interest
  • C-PACE arrangements are unlikely to be classified as debt and do not accelerate if payments missed
Jeff Habicht
Director of PACE,
White Oak Global Advisors, LLC
415-644-4142
jhabicht@whiteoaksf.com