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How Commercial PACE Financing Impacts CRE

SAN DIEGO—C-PACE is a terrific tool for commercial building owners looking for a zero-money-down solution to upgrading their building and dropping their operating expenses, Greenworks Lending's Jessica Bailey tells GlobeSt.com.

By Carrie Rossenfeld | carrierossenfeld | Updated on March 08, 2017

Jessica Bailey Bailey: “The application of C-PACE to finance a wide range of energy upgrades has very exciting possibilities.”

SAN DIEGO—C-PACE is a terrific tool for commercial building owners looking for a zero-money-down solution to upgrading their building and dropping their operating expenses, the Stamford, CT-based Greenworks Lending‘s CEO Jessica Bailey tells GlobeSt.com. Greenworks recently finalized a national partnership with locally based Renovate America, a leading provider of Property Assessed Clean Energy financing, to spur efficiency and renewable-energy investments on commercial buildings.

Under the national partnership, Greenworks and Renovate America will begin offering commercial PACE financing through the HERO Program in Missouri. The partnership will expand to other HERO markets as the program grows around the country. Greenworks currently offers commercial PACE in Connecticut, Maryland, Rhode Island, Ohio, Texas and the District of Columbia. HERO residential PACE financing is currently offered in Missouri and California and is set to expand to Florida this year.

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