PACE Financing for NYC NEW CONSTRUCTION
Multifamily | Office | Industrial | Retail | Hospitality | Healthcare | Mixed Use
DEVELOPERS
From gut rehabilitations and adaptive reuse cases to ground-up new construction, PACE financing will help developers meet financial returns and sustainability objectives.
C-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 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
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