C-PACE for New Construction & Gut Rehab

Increase return on equity by decreasing cost of capital.

“Greenworks’ C-PACE financing reduced the required equity, increased return on equity, and decreased overall cost of capital."

— Michael Tomko, President, The Tomko Company

Reduces Cost of Capital

C-PACE financing significantly reduces the cost of capital and is 50% less expensive than mezzanine debt.

Fills Equity Gaps

C-PACE financing fills equity gaps in development capital stacks.

Decreases Weighted Average Cost of Capital

C-PACE financing increases ROE, bridges equity gap, and preserves equity.

R

Fixed rate construction through term

R

Cannot be accelerated (called due)

R

Tax assessment structure may allow pass-through on NNN leases, room surcharges

R

Obligation may transfer on sale or be prepaid

R

Non-recourse

R

Works well with new market and historic tax credits

Q

Does not work with government ownership, government ground lease, existing CMBS or SBA loans

Why Use Greenworks Lending?

Greenworks Lending is the leading provider of C-PACE financing in the country. Our founders launched and lead the first successful C-PACE program and have brought their expertise and know-how to Greenworks Lending. We offer a transparent, rapid approval process and a dedicated team ready to assists with all aspects of a C-PACE financed project who can handle all the heavy lifting.

C-PACE is a Powerful Tool for New Developments and Rehabs

NEW CONSTRUCTION & GUT REHAB CASE STUDIES

The dedicated Greenworks Lending project team is ready to assist with all aspects of a C-PACE financed project.

Email akraus@greenworkslending.com for details.