PACE Loans in Philadelphia, Pittsburgh, and the State of Pennsylvania

Philadelphia Managing Director

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Pittsburgh Managing Director

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PACE Equity Funds Local Developments

PACE Equity serves Philadelphia, Pittsburgh, and the state of Pennsylvania 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.

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 Experts

Stephen Arrivello is our Philadelphia Managing Director. Stephen has more than 20 years of real estate experience including finance, development and brokerage with a specialty on acquisition and assemblages of property. He is also the Executive Director of the Community Preservation Alliance. Reach out to him to schedule a meeting and discuss your next project.

Kevin Wosko is our Pittsburgh Managing Director. Kevin is a seasoned real estate professional with a strong background in hotel development. He has nearly a decade of experience in franchise development for hotels, where he has acquired a vast knowledge of ground-up construction, adaptive reuse, and conversion projects. Reach out to him to schedule a meeting and discuss your next project.

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Local PACE Programs

C-PACE programs in all counties outside of Philadelphia are administered by Pennsylvania C-PACE (PA C-PACE). Philadelphia’s C-PACE financing program requires the approval of the Philadelphia Energy Authority (PEA) in addition to standard measures such as energy efficiency, water conservation, renewable energy, resiliency, and indoor air quality (IAQ). As of 2022, Multi-Family units (5+ units) are eligible for PACE Equity financing. Pennsylvanians throughout the state, including Pittsburgh, can use the Sustainable Energy Fund’s (SEF) educational resources to further their carbon-conscious financing goals. In addition, retroactive refinancing is available for projects up to two years past their certificate of occupancy. PACE Equity’s Building Optimization and Energy Engineering Teams handle the required energy audit and applications for every program. We will guide you through our end-to-end process expertly.

Relevant PACE Equity Case Studies for Philadelphia, Pittsburgh, and the State of Pennsylvania

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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