PACE Financing

PACE – Property Assessed Clean Energy – is an innovative financing tool to benefit all commercial and multifamily building owners. Authorized under New York City’s Climate Mobilization Act, PACE offers building owners a new way to fund energy efficiency and renewable energy projects that can dramatically decrease their utility bills.

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100%, Long-Term Financing for Building Improvements

PACE is a voluntary financing mechanism that can help property owners reduce utility costs and comply with the CMA’s building emissions limits. Unlike conventional financing, PACE is repaid in installments through a charge on the subject property’s tax bill. This feature provides for longer term, flexible financing.

NYC Accelerator’s PACE program allows pre-qualified private lenders to offer PACE financing to their customers. The resources below provide more information on PACE financing, guidelines for PACE financing in New York City, and the process by which lending institutions can pre-qualify.

Pre-Qualified PACE Lenders

Pre-Qualified Lender Log-in

Below is a list of lenders that are pre-qualified for the C-PACE Program. Organizations seeking to pre-qualify should review the Pre-Qualified Lender RFQ above.

Lender

Contact

Property Types and Loan Range

Bayview PACE

Fred Lee, Senior Vice President

fredlee@bayview.com

646-246-2636

All commercial property types; minimum loan amount $500,000

CastleGreen Finance

Sal Tarsia, Managing Partner

starsia@castlegreenfinance.com

914-815-9807

All commercial property types; minimum loan amount $2,000,000

Enhanced Capital

Ian McCulley, Director, C-PACE

imcculley@enhancedcapital.com              

917-533-7778

All commercial property types; minimum loan amount $1,000,000

Greenworks Lending from Nuveen

Crystal Smith, Director of NY Originations

crystal.smith@nuveen.com

212-731-2717

All commercial property types; minimum loan amount $500,000

New York City Energy Efficiency Corporation (NYCEEC)

Jay Merves, Director, Business Development

jmerves@nyceec.com

646-797-4623

All commercial property types; minimum loan amount $500,000

PACE Equity

Ethan Elser, Executive Vice President

ethan@pace-equity.com

414-446-3645

All commercial property types; minimum loan amount $500,000

Petros PACE Finance

Rachel Davis, Senior Vice President

rachel@petrospartners.com      

832-489-2788

All commercial property types; minimum loan amount $500,000

Rosemawr Capital Management

Sol Mardakhayev or Steven Benjamin

cpace@rosemawr.com

212-286-9474             

All commercial property types; minimum loan amount $500,000

Stonehill PACE

Jeremy Cooper, Vice President

jcooper@stonehillsc.com

901-846-4658

All commercial property types; minimum loan amount $1,000,000

Twain Financial Partners

Chris Tierney

chris.tierney@twainfinancial.com

212-320-9312

All commercial property types; minimum loan amount $3,000,000

 

 

 

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