Our group has identified, underwritten and successfully matched financing groups with active hotel, multifamily and retail developers in San Diego County CA, Riverside County CA, San Bernardino County CA, Midland County TX, Harris County TX and counting. Existing PACE administrators relationships issuing PACE bonds in CA include WRCOG, CSCDA, CMFA, LA, San Bernardino County and other organizations. 

 

In certain cases SDCPACE assists property owners in having their local municipalities opt-in to the PACE program benefiting from program participation and regional visibility. We pride ourselves on an ever-expanding network of C-PACE funders that our markets including a pipeline of multi-family, office, and hospitality projects in various stages of implementation.

 

We work directly with property owners and CRE developers seeking PACE financing for their projects in CA and represent their best interests to obtain the most cost-effective financing solutions. This strategy ensures that our developer clients receive the maximum funding and optimal PACE terms for their projects to help lower the overall cost of capital and increase sponsor ROI.

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CONSTRUCTION FOCUS

Our focus has and continues to be on financing construction phases of projects. Terms are crafted for early disbursement terms, delayed first payment date and prepayment penalties that work with your schedule and exit strategy.

 

CAPITAL EDUCATION

We work alongside your senior lender, equity investors and other capital sources to ensure your project is fully funded on time. Our team has worked with dozens of institutions on successful capital stack arrangements up to 90% of cost. We can also provide introductions to our C-PACE friendly senior lending and debt fund partners.

 

PUBLIC-PRIVATE PARTNERSHIPS

Focused on furthering Public-private partnerships between California local government agencies and private-sector companies to finance, build and operate projects is our ultimate goal. These projects included large master plans, environmental impact projects, public transportation networks, parks and convention centers and more.

                  

ENGINEERING EXPERIENCE

Our select partners possess the technical background in engineering, construction, renewable energy, energy-efficiency, and water conservation required to provide accurate and supportable cost savings and financing figures. Deep knowledge of CA building codes and Title 24 requirements also enable us to develop definitive engineering reports required by the County PACE administrators to prove funding eligibility. Many of our engineering partners hold both General and Electrical Contracting Licenses in CA.

 

MAXIMUM LOAN

With our engineering analysis of the construction plans, budget, and schedule and our work with the architects, we maximize the eligible PACE funding for each project. Proper documentation, Title 24 reviews, and cost savings calculations can support higher financing amounts.

 

COST COMPETITIVE:

Our competitive fee structure and our financing process help drive down costs below what others can offer. The savings we produce through our financing RFP process has to date exceeded our fee. 

                    

SDCPACE FINANCING SERVICES:

                

Engineering Advisory

Our partners can conduct site energy audits and advise on applicable energy-efficiency, water conservation, and renewable energy technologies to reduce operating expenses. Energy audits include On-Site Reviews / Economic Feasibility Analysis / Technology Comparisons / RFP Development / Contractor Bids & Normalization. We can conduct energy rate schedule analysis with all major CA utilities and conduct cost savings calculations for energy technologies.                        

 

Project PACE assessment

Review of budget and engineering plans to maximize eligible project funding. Due diligence on-site environmental assessments and property. Development of engineering package with all eligible measures and cost savings calculations for submittal to PACE administrator.   

                          

Coordination with County PACE Program Administrator

Complete and submit all required PACE applications and supporting documentation. Coordination with the administrator to ensure compliance with state PACE statutes and of the closing process.

                    

Underwriting

Manage the underwriting process and coordination with both PACE capital funder and construction debt lender. On new construction projects, PACE and debt financing must close simultaneously. Our team drives agreement on disbursement schedules between PACE and construction financing and activities to ensure simultaneous close.        

 

Lender Consent

Develop PACE financing memorandum and obtain lender consent. One of the key requirements of PACE is to identify a financing solution as the senior construction lender must provide approval for PACE. We work in partnership with the key stakeholders including the developer, the developer’s mortgage broker, and/or the construction lender.

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Construction Debt Financing

As part of our full financing service, we can and often introduce “PACE friendly” construction debt funds and banks.

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