PACE Financing for NYC Developers

Multifamily | Office | Industrial | Retail | Hospitality | Healthcare | Mixed Use


From gut rehabilitations and adaptive reuse cases to ground-up new construction, PACE financing will help developers meet financial and sustainability objectives. 

PACE financing (currently not available for new construction) will help NYC developers avoid value-engineering decisions that could exclude often more-expensive, yet more sustainable elements from a build. In other words, the program will ultimately help the city and its property owners and developers meet 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

Request an Eligibility Assessment

Click "check eligibility" to request an eligibility assessment from an expert on the NYC PACE and national programs.  This check may be performed in a "pro forma" nature in advance of new construction guidelines being published by the program administrator.