Jan 21, 2020   SOURCE: PR NewsWire

C-PACE Alliance Adds Four More Capital Providers as Members

WASHINGTON, Jan. 21, 2020 /PRNewswire/ -- C-PACE Alliance (CPA), a business association committed to promoting Commercial Property Assessed Clean Energy (C-PACE) financing, is pleased to announce the addition of four capital providers to its membership: Greenworks Lending in Darien, Conn.; PACE Equity in Milwaukee; Dividend Finance in San Francisco; and Stonehill Strategic Capital in Atlanta.

Commercial property owners use C-PACE financing to fund energy efficiency, renewable energy and resiliency measures on new and existing buildings in 21 states and the District of Columbia. With repayment terms up to 30 years and fixed interest rates, C-PACE financing can be an important part of the capital stack for commercial real estate projects. In addition to increasing property value and reducing operating costs, C-PACE projects stimulate local economic activity, create jobs and enhance the quality of the built environment.

"Each of these four companies adds a new perspective that will strengthen CPA's efforts to make C-PACE financing widely available and easy to use," said CPA Executive Director Cliff Kellogg.

CPA publishes policy white papers and provides technical assistance to emerging state and local C-PACE programs. White papers are available here. With the addition of these firms, CPA represents firms that have invested in or advised on virtually all C-PACE investment volume nationally.

    --  Greenworks Lending is a leading provider of C-PACE financing, having
        supplied C-PACE capital to hundreds of commercial properties in over a
        dozen states. Greenworks issued the first publicly rated securitization
        of C-PACE assets in 2017, receiving a­ AA rating from Morningstar, and
        the firm issued a second securitization in 2018 that attracted a $440
        million investment. Greenworks is led by several of the industry's
        founding policy developers.
    --  PACE Equity was among the earliest C-PACE capital providers and now
        operates in nearly every active CPACE market. PACE Equity has expertise
        utilizing C-PACE in complex and innovative ways, having pioneered the
        use of C-PACE financing for projects in new construction, Opportunity
        Zones, Historic Tax Credits, New Markets Tax Credits, brownfield
        redevelopment and tax increment financing.
    --  Dividend Finance is a national provider of residential and commercial
        renewable energy, energy efficiency and home improvement financing
        solutions for property owners. A Dividend entity was an early C-PACE
        provider, launching in 2010 in California and now offering C-PACE in
        over 20 states.
    --  Stonehill Strategic Capital specializes in C-PACE new construction
        projects, with the ability to deliver a complete debt financing solution
        of both senior construction loans and permanent C-PACE financing.
        Stonehill has extensive experience in alternative financing for the
        hospitality industry.

About C-PACE Alliance
C-PACE Alliance is a coalition of capital providers and transaction experts committed to achieving the public benefits of C-PACE by increasing the volume of quality transactions. CPA members have advised on program design in Pennsylvania, Virginia, New York state and Illinois.

Media Contact: Cliff Kellogg
Phone: 202-744-1984

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SOURCE C-PACE Alliance