PACE emerges as alternative for construction financing

Crane city
By Jennifer Kang
22 Apr 2019

Developers are viewing commercial Property Assessed Clean Energy (PACE) programmes as an increasingly attractive source of financing for new construction projects as other sources of capital become more expensive.

Since early 2018, developers have been seeing a decrease in available capital, with banks tightening underwriting standards and stricter immigration policies reducing the flow of foreign investments. In both cases, C-PACE is emerging as an alternative to fill that gap in equity, issuers said.

“Demand for C-PACE to ...

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