Bank Partnerships
Benefits of C-PACE Financing for Banks
Fills Capital Gaps
PACE fills gaps in the capital structure and is less expensive than other forms of capital.
Reduces Exposure
PACE can reduce the bank loan amount so banks can preserve capital.
Non-Recourse and Non-Accelerable
PACE is non-recourse and cannot be accelerated at any time.
No Intercreditor Agreements
PACE loans do not require intercreditor agreements.
Flexible Timing
PACE financing is applicable at any time during the property life cycle, ranging from new construction to retroactive financing.
Escrow Integration
Escrowing for PACE payments is recommended as they also escrow for insurance and taxes. This helps ensure that the PACE stays current and the security position is maintained.
Supports Relationships
PACE in the capital stack enables banks to continue the lending relationship with valuable clients while maintaining a healthy deposit-to-loan balance.
Transferable and Prepayable
PACE loans can transfer upon sale of a property or be prepaid at any time.
Ready to get started with
C-PACE Financing?
Or do you have additional questions? Connect with our team.
Ready to get started with
C-PACE Financing?
Or do you have additional questions? Connect with our team.