A key element of the capital stack, PACE helps fill the gap between what traditional lenders are willing to finance for simply meeting building codes, and the energy efficiency and water conservation upgrades needed to place properties at the forefront of the market.
The reduced operating expenses resulting from PACE upgrades increase net operating income (NOI) which drives property values as well as the property’s marketability. PACE loans “run with the land” resulting in freedom to sell the building since the assessments remain with property.
If you have any questions about PACE, or would like to determine if a potential project qualifies for this unique financing option, just send an e-mail to info@e3pe.com and we will get the answers.
