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C-PACE for Bankers: What is C-PACE and Why Would My Institution Consent?
July 21, 2021 @ 1:00 pm - 2:00 pmFree
SEF and PEA have partnered to produce this educational event for commercial lender real estate team leads, and senior credit officials.
C-PACE is an alternative financing mechanism for property upgrades that improve energy efficiency, utilize renewable energy, and conserve water. C-PACE makes it possible for owners and developers of commercial, industrial, agricultural, and nonprofit properties to obtain low-cost, long-term, fixed-rate financing funded by private capital providers. C-PACE is relatively new in PA, though it has been around for more than ten years in other states. Approximately 32 states have enacted C-PACE legislation, enabling more than $1 billion in private financing of 2,000+ projects.
Mortgage lenders are an integral part of C-PACE as all C-PACE financings must have lender consent. Furthermore, C-PACE projects generally increase properties’ collateral value and reduce building operating costs. This presentation will further define C-PACE and mortgage lenders’ role in getting a project financed.
This presentation is free for all attendees.
- Jeanne Fields – Fulton Bank, VP Commercial Community Development Lending
- Doug Hoffman – Keystone Property Group, Chief Financial Officer
- Cliff Kellogg – C-PACE Alliance, Executive Director