PACE Financing for NYC Developers
Multifamily | Office | Industrial | Retail | Hospitality | Healthcare | Mixed Use
DEVELOPERS
From gut rehabilitations and adaptive reuse cases to ground-up new construction, PACE financing can help developers meet financial and sustainability objectives.
PACE financing helps NYC developers avoid value-engineering decisions that could exclude often more-expensive, yet more sustainable elements from a build. In other words, the program helps the city meet its ambitious climate leadership goals by:
- reducing the average cost of capital
- bridging gaps in capital stacks
- conserving owner equity
- providing term debt during construction
- allowing for flexible pre-payment terms
PACE funding is currently available for projects in NYC.
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