C-PACE benefits building owners through three unique applications of the program: 

1. Construction: available for new construction and gut rehab

Benefits: 

• increases ROI through low cost, debt-like structure which can be used in lieu of bridge or mezzanine debt and preferred equity

• ​fills capital gaps due to changes in scope or cost overruns

• available for up to 20 - 30% of construction costs 

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2. Retrofits: provides capital for long overdue efficiency projects or renewables installations

Benefits: 

• reduction in operating costs increases building value 

• helps retain and attract new tenants who can now avoid high maintenance and repair costs and demand a safe, comfortable environment for employees 

3. Refinancing: allows owners to extract and refinance sunk capital from building improvements in the last two years.