PACEDirect provides long-term, fixed-rate, non-recourse financing for both new construction and property acquisition/retrofit projects that include mechanical, electrical, water and seismic upgrades (CA only) that enhance a building's performance Get a Quote

CleanFund’s core commercial PACE capital program, PACEDirect™,  for energy and water efficiency upgrades offers significant benefits to property owners, who can access financing directly from CleanFund, or through their architectural, engineering, construction or consulting vendors.


Key Features of PACEDirect:







PACEDirect provides building owners with many unique benefits, including:

Higher Property Value

  Higher Cash Flow | By stretching out payments over a long period of time, properties financed with PACEDirect generate much more benefit from energy and water improvements.
  Lease-Up and Retention | Our financing helps to modernize your building, making it more efficient and comfortable. The result? Happier occupants and lower tenant turnover.
  Greater Marketability | PACEDirect enables the kinds of improvements that modernize your building and reduce potential price concessions that buyers may demand to upgrade the property.

Lower Cost

  Lower rates than mezzanine debt and equity that otherwise might be used to install long-lasting improvements. Debt financing generally provides shorter terms, higher annual payments and/or large balloon payments.
  Tenant Pass-Through | Most properties can pass through property taxes as an operating expense to tenants, helping to fully or significantly reduce the effective cost of capital.

Capital Preservation

  Conserve Equity | Why use partners’ capital if you can avoid it?
  No Payments for up to 2 Years | PACEDirect allows you to capitalize interest payments into the financing amount to delay making any payments for up to 2 years.
  No Repayment Upon on Sale | PACEDirect automatically transfers with the property upon a sale, while providing for the ability to repay if desired.
  Less Debt | Our long-lasting assessment allows existing and future owners to avoid incurring debt to pay for long-term improvements.

PACEDirect™ Brochure

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PACEDirect™ Infographic Overview

Click here to see how CleanFund is making capital improvement projects more accessible than ever before with PACEDirect™