Upgrade to C-PACE financing in Florida and enjoy long-term funding for energy efficiency, renewable energy, water conservation, EV charging, and resiliency upgrades. The program enables up to 100% financing through a fixed-rate, fully amortized loan tied to the property tax bill, typically for terms of 20 to 30 years. The non-recourse structure means payments "run with the land," transferring with property sales without acceleration, making the program the ideal sustainable investment.
What is C-PACE Financing?
C-PACE (Commercial Property Assessed Clean Energy) is a unique financing opportunity offered to Florida property owners for businesses engaged in energy efficiency upgrades, renewable energy installations, and water conservation projects. This innovative financing model allows you to make significant property improvements without the burden of upfront costs.
How C-PACE Works
C-PACE financing is tailored for commercial properties, enabling businesses to get financed for up to 100% of the project cost. The payments are conveniently tied to the property tax bill, making it an attractive option for businesses looking to enhance their sustainability while managing cash flow.
Benefits of C-PACE Financing
Long-Term Financing
With terms extending up to 30 years, C-PACE financing is designed to match the longevity of your improvements.
No Personal Guarantees
Unlike traditional loans, C-PACE does not require personal guarantees and provides for a simplified funding process.
C-PACE Refinancing Opportunities
C-PACE refinance options are available, which allow companies to restructure existing debt, free up capital for new projects, and improve their property’s energy efficiency level.
Start the C-PACE Journey Today
Embrace the financial advantages of C-PACE financing in Florida. We guide qualified businesses through the process and help ensure their property becomes a model of sustainability and energy efficiency.
Eligible Improvements
C-PACE financing covers a vast range of potential clean energy and sustainability improvements, below are some examples:
- Renewable Energy
- Energy Efficiency
- Water Conservation
- Electric Vehicle Charging
- Resiliency
Property Types
- Office
- Retail
- Multifamily
- Industrial
- Hospitality
- Special Use
FINANCING PARAMETERS
- Pace Financing Amounts: Minimum $50,000 up to $900,000,000
- Term: 5 - 30 years, depending on the expected useful life of the eligible improvements.
- Amortization: Fully amortized over the term of the PACE financing.
- Interest Rate: Fixed rate for the term of the loan. Market rates priced over a like-term treasury index.
- PACE LTC: Up to 35% of property value
- Eligible Improvements: See eligible improvements section above.
- Property Types: See above.
- Recourse: No personal guarantees, repayment is, non-recourse
- Prepayment: No lockout. Prepayable at any time, subject to step-down prepayment premium.
- Lender Consent: Prior to closing, the mortgage holder(s) of record provides acknowledgement and consent to the C-PACE financing.
Loan Terms
- Fixed rate, up to 30 year term
- Non-Recourse
- No financial or operational covenants
- Repaid via the property tax bill
- Obligation attaches to the property
- C-PACE LTC/LTV up to 30%
- Up to 15 years interest only
- Two years of capitalized interest
- Pre-payable in part or in full at any time
- Principal cannot accelerate
How Our Financing is Utilized
- Recapitalize Projects
- New construction and redevelopment
- Conversion Capital / Asset repositioning
- Resiliency and Renewable Energy Projects
- Routine CapEx
- Tenant Improvements
DRIVING ENVIRONMENTALISM AND COMMUNITY ENHANCEMENT ALONGSIDE RETURNS
OUR GOALS:
- Clean Energy Implementation and Building System Efficiency Upgrades: Graco Commercial Capital is focused on reducing the portfolio's energy consumption, water usage, and waste disposal.
- Renewable Energy Implementation: With the goal of reducing its environmental impact, Graco Commercial Capital aims to actively increase its solar energy portfolio financing.
- Eco-conscious Site Improvements: Stormwater mangement upgrades, forest / wetland protections, and soil remediation.
- Sustainable and Resilient Operations: Graco Commecial Capital aims to promote and improve sustainable operations. Such as, eco-friendly de-icing, heated driveways and native drought resistant plantings.
- GHG Reduction Strategies: Graco Commercial Capital strives to promote electric vehicle charging stations, bike paths, green spaces, ride share facilities, and public transit options within development projects.
- Sustainable Development: Develop / construct properties to the highest environmental standard set by local authorities.