PACE Loans in the State of Virginia

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PACE Equity Funds Local Developments

Property Assessed Clean Energy (PACE) is a legislated public/ private partnership that was approved in Virginia as a financing tool to encourage energy efficiency with long-term, low-rate, non-recourse funds. C-PACE financing can be used for new construction, redevelopment, renovation, refinancing, and renewable energy projects. Our firm provides up to 20% of the capital stack (or 100% for the solar and other renewable energy projects). Since 2004, PACE equity has funded over 200 projects with a focus on delivering improved return on equity for our clients

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CIRRUS

We also offer a unique program called CIRRUS Low Carbon which provides a significant rate reduction when you meet a low carbon design specification. The program uses PACE financing, with all of the features that make it a smart capital option yet incentivizes a slightly more efficient design with improved financial returns. Design your building to meet the specification, receive the lower rate, and receive a great promotional package to position your building as a low carbon property.

 

CIRRUS Low Carbon Details

PACE Financing Expert

Virginia Managing Director

Schedule Time With Me

Schedule Time With Me

Christian DeLisle is our Virginia Managing Director. Christian is an experienced and skilled professional with over 15 years of experience in Commercial Real Estate Banking. He is excited to work with real estate developers and property owners to incorporate PACE financing into their communities. Reach out to him to schedule a meeting and discuss your next project.

Local PACE Programs

The state of Virginia’s C-PACE programs are administered by the Virginia PACE Authority (VPA). The state program is available Prince William, Loudoun, Shenandoah, Albemarle Counties and the city of Virginia Beach. Local programs also exist in several cities throughout the state. PACE Equity financing is available for terms of up to 30 years depending on the local ordinance. 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.

Relevant PACE Equity Case Studies for the State of Virginia

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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