Experience

PACE Equity, LLC

• United States
• Financial Services
• 1 - 100 Employee

• Managing Director

  • Mar 2017 - Present

  PACE-Equity, LLC provides commercial real estate financing through an economic development tool designed to provide commercial building owners with long-term, fixed rate, non-recourse financing for certain improvements. Qualified improvements include all expenditures that effect the efficiency of energy utilization (Roofs, Windows, Lighting, HVAC, Plumbing, Insulation). Unlike a traditional loan, a PACE loan is paid back through an assessment on your property tax bill. There is no mortgage on your property so this does not affect your ability to raise bank financing, but it can improve the market value of your property and your ability to borrower against it. There are various limits and requirements for access and approval. PACE-Equity provides a complete turn-key solution to get your client qualified and funded. Our service includes engineering, structuring, development of energy savings, approval and funding. HOW CAN PACE FINANCING BENEFIT YOU?  * A PACE loan can “Stack” on top of a first mortgage reducing the equity you need for the project.  *PACE funds 100% of eligible costs with no out-of-pocket expenses.  *PACE can improve cash flow, return on equity and market value.  *PACE is non-recourse to the borrower with no personal guarantees.  *PACE is not a mortgage loan. It stays with the property and can be paid off at sale or assumed by a buyer.  *PACE protects the borrower’s credit and canreduce exposure to risk.  *PACE can lowers operating costs and increasing property value.  *Allows for long-term financing at attractive rates. Show less