No matter what your development stage, C-PACE can lower your cost of capital.
Whether your multifamily project is in the planning stage, completed within the last 24 months or anywhere in-between, a 10 minute call to Lone Star PACE could help determine if you qualify for Commercial Property Assessed Clean Energy (C-PACE) financing.
As the name implies, clean energy and energy savings is the focus of this program. Water efficiency and energy efficiency components that are a part of your hotel may qualify to utilize this type of financing. Creating sustainable and energy efficient hotels are on everyone’s mind and C-PACE can get you there.
Planning stage? C-PACE can replace some of your more expensive capital in your capital stack. For instance, mezzanine financing or preferred equity. By incorporating C-PACE at this stage, your overall cost of capital may be lower.
Project recently completed? If your multifamily project is already constructed, retroactive C-PACE allows you a 24 month look back and can free up expensive capital that has been deployed.
C-PACE financing is non-recourse and remains with the property even if it is sold, facilitating long-term investments.
Want to hear more? Lone Star PACE is available to discuss your project and assess if it qualifies for this unique financing solution. Call us today at 214-256-3209
ABOUT Lone Star PACE
As an administrator for the C-PACE program, Lone Star PACE serves select counties and cities in Texas that have adopted the C-PACE program. Qualifying C-PACE projects increase the development of more sustainable buildings and promote economic activity within these jurisdictions.