There are multiple steps that will involve the mortgage holder:
- Once a property owner determines that a building modernization project may enhance their building’s asset value (collateral) and cash flow
Blog Archives
What is the role of the mortgage holder?
C-PACE project financing is repaid via a voluntary benefit assessment (lien) that is placed on the property and assigned to the financial institution that provides financing for the project. Since … Read Article
In the event of a bankruptcy, how is recovery money allocated?
C-PACE investments are secured by an Assessment and Assessment Lien placed on the Qualifying Commercial or Industrial Real Property on which the Qualified Improvement Projects are developed through a voluntary … Read Article
How is the program marketed?
The C-PACE program administrator actively engages with property owners, contractors, mortgage holders, and capital providers via a multi-channel marketing and public relations strategy to raise awareness of, and interest in, … Read Article
How is a C-PACE assessment repaid?
According to the terms of the Finance Agreement executed by the capital provider and the property owner, the capital provider will manage the C-PACE assessment billing and property owner payment … Read Article
How are tax credits, rebates, and utility incentives incorporated into C-PACE financing?
Property owners are encouraged to pursue available federal investment tax credits (ITC), utility rebates, and all other available incentives. All or a portion of total incentives may be subtracted from … Read Article
Can I use any contractor?
Yes. View a list of contractors who have attended C-PACE training. Note that by providing this list, the City of Reno, the City’s Program Manager, the Reno C-PACE program, and … Read Article
How is the length of the repayment period determined?
Repayment periods span up to 25 years, depending on the owner’s preference, and are limited by the weighted average effective useful life (EUL) of the financed improvements.… Read Article
What are typical C-PACE financing interest rates?
Qualified capital providers typically set interest rates based on the term of the financing. For example, 10-year-term financing may have an interest rate in the range of 5% to 5.5%; … Read Article
How much can a property owner borrow using C-PACE financing?
C-PACE projects typically range from $50,000 to multi-million dollars. Constraints on the amount are driven by the financial health of the building and include:
- Building financials
- Loan-to-value percentage (<80% LTV