PACE Loans in St. Louis and the State of Missouri

PACE Equity Funds Local Developments

PACE Equity serves St. Louis, Kansas City, and the state of Missouri 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.

CIRRUS

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.

PACE Financing Expert

Missouri Managing Director

Cathy Evans is our Missouri Managing Director. Cathy has decades of experience in the real estate industry and has been working in the C-PACE industry since 2016. She funded the very first recapitalization C-PACE project in the city of St. Louis. Reach out to her to schedule a meeting and discuss your next project.

Local PACE Programs

C-PACE programs in St. Louis and Missouri are available to new constructions, redevelopments, energy efficiency and renewable energy upgrades, and recapitalization of completed projects up to five years prior. Missouri PACE requirements include the estimated economic benefit from the project during the financing period being greater than the total cost of the project. The maximum term for Missouri C-PACE projects is 20 years. 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.

St. Louis, MO Building Energy Performance Standards

Building Energy Performance Standards: St. Louis enacted Ordinance 71132 in 2020, implementing Building Energy Performance Standards for municipal and privately-owned commercial and residential buildings of a certain size. The goal is to reduce greenhouse gas emissions 100% by 2050. Performance will be measured by site Energy Use Intensity (EUI). The city will set standards at the 65th percentile for each property type, ensuring that at least 65% of buildings in that category have a higher EUI. The Office of Building Performance will update these standards at the end of each compliance cycle.

PACE Equity financing can be used to cover 100% of the costs for renovations and retrofits pertaining to energy efficiency measures. Our in-house engineers, working in our Low Carbon Center of Excellence, are experts in low carbon building design and optimization. When you work with PACE Equity, we can help you fund the upgrades you need to do to comply with EUI targets. Receive our lowest rate for commercial renovation projects with our CIRRUS fund, our one-of-a-kind C-PACE program that offers lower interest rates for developments built to a low carbon engineering specification. When you renovate to meet EUI requirements, CIRRUS and its lower rates can be a great solution. For more information Building Performance Standards visit the Institute for Market Transformation website. 

 

Relevant PACE Equity Case Studies for St. Louis and the State of Missouri

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.