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C-PACE 101 Webinar – Hosted by White & Williams and CounterpointeSRE
April 7, 2020 @ 3:30 pm - 4:30 pm
PEA’s Maryrose Myrtetus will join representatives from White & Williams and CounterpointeSRE to discuss the Philadelphia and Pennsylvania C-PACE programs. This is the first in a series of C-PACE webinars designed to explain the benefits of and answer your questions about C-PACE financing. Please see event link below for more details.
Event link: http://counterpointees-4293815.hs-sites.com/?hs_preview=eoPAaaCk-26923606843
Registration link: https://register.gotowebinar.com/register/5560277986132905485?hsCtaTracking=ff6dc15f-8a30-49b7-8a2c-4b01cf290b5b%7C95ca53b9-1889-4294-b102-7d15ee4ac9fa
In this first session we introduce the basics of Commercial Property Assessed Clean Energy (C-PACE), a method of providing 100% long term, fixed-rate financing for seismic, energy efficiency, resiliency, water conservation, and sustainability upgrades to commercial buildings through special tax assessments.
- 100% financing
- Costs may pass through to tenants
- Fixed interest rates
- Transferable upon sale
- Net Positive Cash Flow Yr 1
- Owner keeps tax incentives and rebates
- Self-amortizing payments
- Non-recourse to owner
- Preserves internal capital
- May qualify for off-balance sheet treatment
- Reduces Operating Costs
- Thousands of possible improvements
Lender Consent Speakers:
Maryrose Myrtetus Program Manager, Philadelphia Energy Authority
Timothy Davis Co-Chair, Real Estate and Finance Groups at White and Williams LLP
Taimur Jamil Managing Director, CounterpointeSRE