energy savings: C-PACE Loans: Low Default Risk and Strong Repayment Performance - 01/05/23 12:40 PM
Commercial Property Assessed Clean Energy (C-PACE) loans are a financing option for property owners to fund energy efficiency and renewable energy improvements. C-PACE loans are attached to the property, rather than the owner, which means that if the property is sold, the loan stays with the property and is repaid by the new owner. This feature of C-PACE loans, combined with strict underwriting standards, has resulted in a low risk of default.
Studies have shown that C-PACE loans have a low default rate, with one analysis finding a default rate of just 0.1%. This low default rate can be attributed to … (0 comments)

energy savings: Convincing Banks to Support CPACE: Tips and Strategies - 01/05/23 12:36 PM
As a commercial property owner, you may be interested in making energy-efficient upgrades to your building. One financing option that can help you pay for these upgrades is Commercial Property Assessed Clean Energy (PACE). PACE financing allows you to borrow money from a lender to pay for energy-efficient improvements to your property, and then pay back the loan through a special assessment on your property tax bill.
While PACE financing can be a great option for many commercial property owners, it's not always easy to get banks to consent to it. Banks may be hesitant to lend money for PACE projects because … (0 comments)

Otis Duffy, Otis Duffy Centum Broker of Record NY, NJ & FL (Centum Real Estate Group)

Otis Duffy

Otis Duffy Centum Broker of Record NY, NJ & FL

Manhattan, NY

More about me…

Centum Real Estate Group

Address: 299 Broadway, Suite 1605, New York, NY, 10007

Office: (646) 687-7934

Mobile: (201) 707-3879



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