Unique financing for mechanical, electrical, plumbing, seismic and other building components
New, valuable component of the real estate capital stack
Non-recourse capital for major improvements to commercial, multifamily and alternative nonresidential properties.
100% financing for vital building improvements
Finance up to 100% of hard and soft costs for both new construction and property acquisition or retrofit projects with easy repayment through property taxes.
Long-term capital to maximize property cash flow
With savings often exceeding payments, projects pay for themselves. For solar projects, customers can directly or indirectly take advantage of sizable tax benefits.
CleanFund works with commercial property owners, investors and channel partners from coast to coast
“The project has always had an ambitious construction and capital plan”, said Portman Holdings President, John Portman, IV. “We were fortunate enough to work with talented and capable people with the City and County to learn what sustainable financing resources were available to the project. Once we were introduced to C-PACE, we immediately saw the opportunity to cost-effectively fund the sustainable elements of the project. CleanFund provided the capital in an upfront manner and was a delight to work with. We are very pleased with how they approached the deal and the partnership, especially given the overall complexity of the project.”
Partnering with CleanFund meant financing that would deliver the economics needed for a project of this scale. “With no capital outlay, a suitable loan term, and financing payments below what their utility bills were, CleanFund was able to produce a financing package that generates an immediate positive cash flow for Dublin Toyota,” said Rob Erlichman, Founder and CEO of Sunlight Electric, LLC.
Private Lenders working with CleanFund
In this webinar, Larry Perry, VP of Loan Originations at Parkview Financial and Jon Spelke from CleanFund demonstrate how to utilize C-PACE along with a leading active senior construction lender, as well as how to enhance the energy efficiency and operational savings of your buildings to drive NOI improvement.
EKN Development Group
“Once CleanFund educated us on C-PACE, it was just a matter of selecting our first project. We view C-PACE as a valuable financing tool that complements our other sources of capital,” said Jason Bass, Director of Finance at EKN Development Group, the lead member of the project joint venture. Newport Beach, CA-based EKN has over 1,500 hotel rooms currently under development including properties in Minnesota, San Francisco, Monterey and Italy.
San Rafael-based Seagate Properties partners with CleanFund for upgrades to two of their Marin office buildings. Seagate’s portfolio currently includes 2,500 apartments in the Denver area and about 2 million square feet of commercial, office, retail and industrial space in the San Francisco Bay and Sacramento areas.
CleanFund and GreenFinanceSF, San Francisco’s PACE program, joined with vendor Johnson Controls, a provider of building energy efficiency projects and services, and Prologis, an owner and operator of industrial real estate, in a project to upgrade the buildings lighting system, add PV and improve energy efficiency.
Cypress Properties Group
Chris Robbins, Managing Director at CleanFund shows how the company financed $1.8 million of energy efficiency upgrades at 644 Broadway on the edge of San Francisco’s historic Chinatown, as part of a complete redevelopment of a four story mixed-use building owned by Bay Area based Cypress Properties Group.
Partnering with CleanFund allowed Borrego Solar to offer the most attractive financing option for their client Pacific Ethanol. Offering the highest NPV, the long term length of CleanFund's SolarPACE product delivered the strongest near-term cash flow when compared to leases, PPAs, or cash purchase.
Our financing solutions unlock significant value for your commercial real estate
Long-term, fixed-rate, non-recourse financing for energy efficiency, water conservation & resiliency projects for both new construction & building upgrades
Solar financing designed with features and flexibility to meet the demands of commercial property owners. Immediate positive cash flow with 30 year terms
Latest News & Events
Largest C-PACE Deal Ever in the Country Closes in Utah
Press Release: Salt Lake City's New Hyatt Regency Hotel at the Salt Palace Convention Center Secures $54 Million in CleanFund C-PACE Financing to Break Ground Immediately
$36 Million to Downtown San Francisco Acute Care Hospital
CleanFund provides $36 Million to Chinese Hospital for seismic and other improvements.
New York Times article covering the growth of Commercial PACE
New York Times: As demand grows and climate-change restrictions raise costs, developers are flocking to PACE financing for relief.
CleanFund Announces Capital Commitment from Starwood Sustainable Credit and Names New CEO
PRESS RELEASE: CleanFund announces new leadership and major capital partnerships to drive continued acceleration of its C-PACE financing originations platform.
The Garland Gets $7.8M Financing
LA Business Journal: “One of the unique aspects of this capital is it can be used for projects that benefit the public good.” Chris Robbins of CleanFund
PACE of Change
Commercial Property Executive: Yaki observed “the basic economic message of PACE” is its greater strength in more conservative legislatures. PACE saves businesses money and boosts their bottom lines.
The Role of C-PACE Financing in Opportunity Zones
Connect Media: Combining the Opportunity Zone financing with that of C-Pace combines capital for sustainability with urban renewal, leading to a win-win scenario.
CleanFund Closes the First Ever 144A Securitization of C-PACE Assets
PRESS RELEASE: Backed by $115 million of C-PACE assessments on 82 properties in six states.
Hotel Indigo Kansas City More Energy Efficient Thanks to C-PACE Financing
Green Lodging News: CleanFund provided $2.4 million in 20-year financing for the historic structure.
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CleanFund provides better capital for better buildings, making financing projects easy and affordable.