PACE Programs for Mortgage Lenders
Set your own PACE
History
John Kinney helped create PACE ("Property Assessed Clean Energy") to accelerate energy improvements in our built environment. It's a public private partnership that attracts private infrastructure investments that are profitable to everyone involved.
But senior lenders have not embraced PACE because they do not directly benefit. Without mortgage lender support, PACE is complicated and expensive to originate. And without EASY capital, real estate owners delay energy improvements. Lenders and owners end up with unimproved real estate, so the environment suffers, too.
C-Change was created to enable Senior lenders to control their own PACE. This will be huge because it allows Lenders to improve their own profitability by improving their borrowers' profitability and saving our planet at the same time.
Vision
PACE is senior to a mortgage. Instead of consenting to a real estate owners' request to use PACE, Senior Lenders should offer their own PACE. Lenders can improve their own profitability while reducing risk for their senior loan. EASY access to attractive capital should not be an obstacle to clean energy improvements that are cash flow positive! Lenders increase their profits, reduce risk in their loan portfolio, and get all the ESG credit. Lenders will play a vital role in the fight against Climate Change.
As Lenders adopt their own PACE programs, they also educate the real estate market about the value of PACE. They will empower their borrowers to complete energy improvements that improve their NOI. Government policy sets clean energy goals and points to PACE as a way to attract private capital to accomplish a public good.
A carbon neutral built environment is enabled by Lender PACE.
Mission
C-Change creates and manages commercial PACE programs for senior lenders.
We make it EASY for real estate owners to finance clean energy improvements.