Property Assessed Clean Energy Financing

PACE is a New Instrument to Fund Energy-Related Improvements to Commercial Real Estate

Property Assessed Clean Energy (PACE) is a new instrument for commercial property owners to finance energy efficiency and other improvements to existing buildings, or as gap financing for new construction.

WHAT IS PACE?

Property Assessed Clean Energy (PACE) is a new instrument for commercial property owners to finance energy efficiency and other improvements to existing buildings, or as gap financing for new construction.

To date, 20 states and D.C. have active PACE programs to fund renewable energy, energy efficiency, water conservation, weatherization and natural disaster resiliency improvements. Puerto Rico has a similar program to fund tourism-related projects, where the CBO Team is pioneering its use.

Additional Information

We are here to help you with any questions you might have. Feel free to submit a Free Project Analyis Request for more detailed information regarding your specific scenario.

Benefits of Pace

  • No down payment, 100% funding for improvements up to 35% of the building’s value
  • Easy to qualify, since the loan is against the property the owner’s credit is not a deciding factor
  • Fast approval and funding
  • Immediate positive cash flow for energy improvements with no money down, while increasing property value by lowering operating expenses
  • Payments stay with the property if it is sold
  • Off-balance sheet, no mortgage is recorded against the property
  • Better rates and terms due to repayment from tax assessment, up to a 30-year term

How To Apply

How to Apply to Property Assessed Clean Energy (PACE)

  1. Check Eligibility - Contact Us
  2. Complete Initial Application - Download Application
  3. Secure Initial Approval
  4. Finalize Design & Secure Permits
  5. Finalize Loan Documentation & Funds
  6. Complete Project

 

*Property-Assessed Financing approvals are typically provided in 3-7 days. For other programs, you will receive customized options and next steps.

Learn more about these and other programs by contacting our offices today.

Does Your Project Qualify for Low-Cost Financing or New Markets Tax Credits?

Reach out to our specialists to discuss how we can work together.
Get a Free Project Analysis

Our Financing Programs

The CBO Financial team specializes in helping project sponsors secure flexible, below-market financing with a focus on high-impact projects in low-income communities. Our financial experts are skilled at combining public and private funding sources so that projects that might have otherwise stalled can move forward quickly and cost-effectively.

We’ve financed over $1 billion in high-impact investments nationwide, including $150 million using New Markets Tax Credits awarded to a CBO subsidiary. Backed by powerful funding tools and expertise, you’ll be pushed through to the finish line.

New Markets Tax Credits

A federal subsidy program designed to incentivize development projects that help revitalize distressed communities.
New Markets Tax Credits

Property Assessed Clean Energy Financing

A new instrument for commercial property owners to finance improvements to existing property or close gaps in financing for new construction.
Property Assessed Clean Energy Financing

Federal Historic Tax Credits

The federal Historic Tax Credit (HTC) is available for the rehabilitation of historic, income-producing buildings determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.”
Federal Historic Tax Credits

Community Development Financial Institutions

A federal subsidy program designed to incentivize development projects that help revitalize distressed communities.
Community Development Financial Institutions

US Department of Agriculture

The USDA offers several programs that can be useful for economic development projects, two of which in particular are the Community Facilities and Rural Utilities Programs.
US Department of Agriculture

Redevelopment Assistance Capital Program

The federal Historic Tax Credit (HTC) is available for the rehabilitation of historic, income-producing buildings determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.”
Redevelopment Assistance Capital Program

Puerto Rico Financing Programs

Puerto Rico offers many opportunities for mainland investors and local business owners.
Puerto Rico Financing Programs

 Opportunity Zones

The Opportunity Zone program was enacted in the Tax Cuts and Jobs Act. Many of the major policy decisions related to Opportunity Zones were ceded to the states.
 Opportunity Zones

You see challenges. We see possibilities.
Your community sees change.

Established in 1999, CBO Financial is a financial consulting firm that specializes in helping businesses secure funding for development projects in the nation’s most distressed communities. Our experts understand how to present economic, environmental, and societal benefits to public and private organizations so your project receives the funding it needs to move forward quickly and reasonably. A CBO Financial subsidiary, Community Development Funding, LLC, has received six awards under the federal New Markets Tax Credit program totaling $150M. In addition the team has taken a leadership role in securing 18 awards for clients totaling over $400M.
Our Services
community-development-project-funding

The funding is out there

CBO can be your access point for a variety of flexible financing sources including gap financing using New Markets Tax Credits, Historic Tax Credits, Tourism Tax Credits, Property Assessed Financing, Opportunity Zone Funds and others.
Programs
community-development-project-financing

 a Significant Impact

CBO is on a mission to help elevate the lives of people living in distressed communities by providing flexible, below-market gap financing to high-impact projects that cannot otherwise move forward. Does your project qualify for financing?
Team
low-income-community-development-project-financing

Million-dollar stories

The CBO team has funded over $1 billion in projects for local and national nonprofits, for-profit developers, and municipal agencies. Our team can help you find the low-cost financing or new market tax credits needed for your projects.
Projects

Does Your Project Qualify for Low-Cost Financing or New Markets Tax Credits?

Reach out to our specialists to discuss how we can work together.
Get a Free Project Analysis