Commercial real estate owners navigating the lending landscape can tell you that there are a slew of options available from private lenders.
But Randy Eckers, chair of Akerman's Real Estate Finance practice, says there is one possibility that many borrowers tend to overlook—Commercial Property Assessed Clean Energy (C-PACE) loans. With these loans, property owners can make energy efficient, water conservation and renewable energy upgrades to their assets.
C-PACE financing can be a strong option for new construction and retrofits to properties completed in the past. These loans can be used for any number of property types, including multifamily, retail, hospitality and any other property that needs a boost.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
