Executives from CleanFund Commercial PACE Capital offer insights into a steadily expanding financing option.
Urban Land Magazine: Use of PACE Financing for Renovations, Construction Growing for Commercial Buildings
Last December, a pharmaceutical company in Silicon Valley received $8.65 million to pay for renovations to make its research and administrative facility in Fremont, California, more energy efficient. But the money was not a loan, and it wasn’t a grant.
The latest PACE funding of an energy-efficient project at the new Verseon research and administrative facility will help fund energy-related improvements as part of an overall facility refurbishment.