PACE financing as senior
or supplemental debt
New Construction
Redevelopment
Renovations
Refinancing post-completion
Non-recourse
30 year terms
Defer payments up to 3 years
Combine with senior debt for up to 95% of LTV
Flexible repayment options
Interest rates competitive with senior debt
What is PACE financing?
Property Assessed Clean Energy (PACE) financing provides commercial property owners with access to favorable, long-term capital as part of their overall capital stack. PACE was established to help property owners meet sustainability goals by encouraging investment in energy-efficient and resilient buildings. It can be used to finance project components that improve energy efficiency, renewable energy, water conservation, or building resiliency.
PACE is repaid through a special assessment on the property’s real estate tax bill, allowing owners to fund improvements with no large upfront costs, preserving liquidity, improving cash flow, and enhancing long-term asset value.
Maximize Returns
Finance more of your project at competitive rates to reduce upfront equity requirements and significantly improve your IRR.
Defer Payments Until Stabilization
Preserve cash when it is needed most - during construction and lease-up - by deferring debt payments on your PACE financing for up to three years.
Return Capital to Investors
Refinance with PACE within three years of project completion to unlock maximum proceeds and return equity to investors immediately. Defer payments for up to three years and use the ongoing cash flow savings to return even more capital over time.
Eliminate Interest Rate Risk
Lock in a fixed interest rate for up to 30 years and remove interest rate risk entirely. If rates drop, simply refinance out of the PACE loan.
PACE financing is eligible for many components of your project
On average, 40% of a typical construction project’s cost may qualify for PACE financing
HVAC & Heating equipment and controls
Water efficiency and plumbing
Indoor and outdoor lighting
Automated building controls
Energy recovery solutions
Elevators & escalators
Windows and building envelope
Indoor air quality systems
Renewable energy & energy storage
Roofing and insulation
Seismic & resiliency upgrades
EV charging stations
Why developers and property owners choose PACE Financing over alternative debt structures
Replaces high-cost capital (e.g., mezzanine loans, debt funds, and outside equity) with lower cost capital.
Reduces equity requirements, preserving cash for other investments.
Increases ownership retention, allowing developers and property owners to maintain a larger stake in their projects.
Maximizes project IRR, Reducing the equity required upfront, allowing investors to achieve higher returns on invested capital.
Defer payments for up to 3 years, Payment deferral of up to 36 months aligns cash outflows with project stabilization, freeing up capital when it’s needed most.
Eligible Asset Classes
Multifamily properties
Senior housing
Office buildings
Retail centers
Self-storage facilities
Industrial facilities
Manufacturing facilities
Warehouses
Student housing
Hotels
Hospitals
Non-profits
Your Path to Funding
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PACE Financing Availability
PACE financing is a state-enabled program, meaning availability, terms, and eligible improvements may vary based on local legislation. Today, PACE is available in most of the country, allowing property owners across the nation to take advantage of its benefits.
PACE funding available
PACE funding coming soon 2025/2026
Not available
How PACE financing Compares to Other Financing Options
Finance your project with EverPace Capital
If your project has walls and a roof, chances are, it qualifies for PACE financing. No personal guarantees, no large upfront costs—just long-term, low-cost funding that works with your capital stack. Send us your construction budget, and we’ll show you exactly how much PACE can cover.