Almost any building is eligible for PACE financing – from multi-family apartment building to retail and warehouses.
C5 ENERGY PARTNERS focuses on all property types except residential and only multi-family properties (+4 units)
Energy efficiency and energy generation improvements all apply, while in some states water conservation as well as hurricane and earthquake resistance maybe qualify as well.
The method used is similar to that used to finance schools, sewers, and economic revitalization programs in municipalities.
PACE Financing is a great tool which can be used to increase cap-rate of your property without directly investing any additional capital, which can be especially useful in a declining cap-rate environment.