PACE Loans in Detroit and the State of Michigan

Michigan Managing Director

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PACE Equity Funds Local Developments

PACE Equity serves Detroit and the state of Michigan with commercial real estate financing for new construction, redevelopment, renovation, refinancing and renewable energy projects. Our firm provides gap financing for up to 30% of the capital stack (or 100% for renewable energy projects). Since 2014, PACE Equity has funded well over 200 Property Assessed Clean Energy (PACE) projects as an innovation leader, always focused on improving client returns. We use PACE financing which is low-cost, long-term, and non-recourse.

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Our award-winning funding program, CIRRUS Low Carbon, offers a lower cost of capital when you build a lower carbon building. We provide a design specification that outlines the low carbon goals. When you use the specification, you receive a lower interest rate – it’s that simple! Our requirements are straightforward and practical. We work with you and your design team to ensure you can meet the requirements at no cost or the lowest possible incremental costs. Lower rates for lower carbon.

CIRRUS Low Carbon Details

PACE Financing Expert

Sonya Delley is our Michigan Managing Director. Sonya has over 30 years of finance and real estate banking experience. She has been the lead banker in over $500 million of investment in mixed-use new construction and rehab projects in the Detroit area. She brings experience across the spectrum of asset types and capital stack complexity. Reach out to her to schedule a meeting and discuss your next project.

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Local PACE Programs

Detroit and greater Michigan’s C-PACE program falls under the administration of Lean and Green Michigan. LAGM allows for PACE Equity financing to be utilized for new constructions, redevelopments, and retroactive refinancing up to 36 months from work completion with a maximum amortization period of 25 years. LAGM allows PACE Equity financing to be used to pay for renewable energy, energy efficiency, and water efficiency improvements to any commercial projects. For all programs, the PACE Equity Engineering and Building Optimization Team performs the required energy audit and application to the program. We offer an end-to-end process that allows you to experience a streamlined and event-free process.

Relevant PACE Equity Case Studies for Detroit and the State of Michigan

Here are some recent case studies of projects you might find interesting. We’ve got more project stories that show the many ways we’ve helped deliver PACE financing.

Questions? Interest? Ready for more? Let’s connect.

Here is where we can fund projects today

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