A selection of CounterpointeSRE's recent transactions indicates the ever-increasing importance of PACE financing. Explore these three examples which demonstrate the ability for PACE to:
$3.7 millionNear net-zero office retrofit |
$13.7 millionMid-construction mixed use multifamily |
$2.8 millionNew construction senior housing |
| PACE financing helps remove the economic hurdles to converting a 30+ year old office in MD to near net-zero by supporting a 65kW AC solar PV system, 500 KWH/125 KW Battery Energy Storage System (BESS), 400 KW of distributed generation, EV charging stations, a deep retrofit of the interior lighting and plug loads, high-efficiency motor replacements and new variable frequency drives. (Read more) |
This transaction boosted the developer's capital stack to nearly 75% LTV by deploying PACE financing as a midstream capital solution amid COVID disruptions. The closing supports the ongoing development of a 53-unit Class AAA luxury multifamily and retail project in Poway, California, a San Diego suburb. The project, commonly known as the “Poway Outpost,” is also supported by a $21 million construction loan. (Read more) |
“The PACE program funding from CounterpointeSRE aligns well with our goals for this development. We are bringing a project to life that will raise the standard of living for Houston seniors while incorporating energy efficiency, and because of that effort, we are able to use the program to enhance our capital position.” -Nick Craig, Partner, StoneCreek |