PACE Loans in the State of California

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PACE Equity Funds Local Developments

PACE Equity serves Los Angeles, San Diego, San Francisco, Sacramento and more 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.

CIRRUS Low Carbon Details

PACE Financing Experts

Northern California Managing Director

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Southern California Managing Director

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Ron Adachi is our Northern California Managing Director. Ron has been working for the last 15 years in commercial real estate brokerage, real estate development, hospitality, and EB-5 financing. To PACE Equity, he brings expertise in hospitality as our Vice President of Hospitality. Reach out to him to schedule a meeting and discuss your next project.

Veronica Giordano is our Southern California Managing Director. Born and raised in Buenos Aires, Argentina, Veronica has over 20 years of experience in finance. She has extensive experience in financing diverse project types from acquisitions to commercial real estate loans for multifamily, retail, single purpose, and industrial assets. Reach out to her to schedule a meeting and discuss your next project.

Local PACE Programs

C-PACE funding in California allows for commercial, industrial, and multi-family property owners to finance energy efficiency and renewable energy improvements through their property tax payment. The California Statewide Communities Development Authority (CSCDA) Open PACE Program is a turnkey resource for residential and commercial property owners to finance energy efficiency, renewable energy, water conservation and seismic improvements. 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.

Chula Vista, Building Energy Savings

Building Energy Savings: Chula Vista enacted Ordinance 3498 in 2021, mandating significant energy efficiency improvements for large public, government, multifamily, commercial, and industrial buildings. The goal is to reduce energy use by 57% by 2030 and achieve net-zero by 2045. Specific performance metrics and standards vary based on property type but generally involve ENERGY STAR scores or Weather-Normalized Site EUI.

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 the State of California

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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