MD-PACE, or Property Assessed Clean Energy Financing, Provides Access to Capital for Commercial Property Owners
What is MD-PACE Financing?
MD-PACE enables building owners (and builders) to access flexible, 100% upfront financing to improve their buildings' value. MD-PACE allows the cost of improvements to be tied to the commercial building over an extended term for more advantageous financing.
PACE is a government policy based on the principle that commercial energy projects – such as installing solar equipment or improving a building’s heat recovery system – are public benefits like sewers, roads, and bridges. PACE authorizes counties to work with private capital providers to provide upfront financing to commercial property owners for qualifying improvement projects, and to collect the repayment through annual or semi-annual surcharges on the property’s tax bill.
For more about MD-PACE, visit the "About PACE" webpage.
- Building owners can be cash flow positive from day 1
- Underwriting is focused on the underlying building
- Accessible to those with Non-Investment Grade Credit
