PACE Equity serves Chicagoland and the state of Illinois with commercial real estate financing for new construction, redevelopment, renovation, refinancing and renewable energy projects. Our firm provides gap financing of up to 30% of the capital. Since 2014, PACE Equity has funded over 200 PACE projects as an innovation leader, always focused on improving client returns. We use PACE financing that is low-cost, long-term, and non-recourse.
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 and you receive a lower interest rate. Our requirements are straightforward and practical – and we work with you and your design team to ensure you can meet the requirements at no cost or the lowest possible incremental costs.
Julie Sommese is our Illinois Managing Director. She has over 25 years of CRE industry experience, across many asset classes and with many complex capital stacks. She is a great resource for local area developers and owners, but she can also support your financing needs across the country. Reach out to her to schedule a meeting and discuss your next project.
The Illinois C-PACE program, known as the Illinois Energy Conservation Authority (IECA) PACE program, is active in 15 counties including Chicagoland, representing over 73% of the total Illinois population and 80% of its gross domestic product. PACE Equity funded the first new construction C-PACE project in the state of Illinois. PACE Equity’s experienced Energy Engineering and Building Optimization Teams take care of the energy audit and program application. Our streamlined process carries you through from end-to-end.
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.
Here is where we can fund projects today
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