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Jen Webber

Jen Webber

Head of Investments

ASH

Frank Swain

Frank Swain

Managing Director

PACE Equity

Shawn Neece

Shawn Neece

Founding Member

Renew Partners

Cliff Kellogg

Cliff Kellogg

Executive Director

C-PACE Alliance

Benjamin Hertz
Moderator

Benjamin Hertz

Head of Sales

Biscred

Jen Webber

Head of Investments

ASH

Jen leads Ash's investment team overseeing acquisition, financing, and development. She was previously with EastBanc in Washington, DC, where she managed the development of a 600,000 square feet mixed-use public private partnership in the West End. Prior to joining EastBanc, Jen worked on historic preservation projects at Cross Street Partners in Baltimore, Maryland.

Jen graduated from Johns Hopkins with degrees in International Relations and Economics and received a Master’s in Urban Planning from the University of Pennsylvania. She lives in Seattle.

Frank Swain

Managing Director

PACE Equity

Frank Swain is the Colorado Managing Director for PACE Equity. Through advocacy, development, partnerships, and financing, Frank’s career has been dedicated to deploying clean energy and energy efficiency solutions.

Prior to joining the PACE Equity team, Frank originated C-PACE projects across multiple markets, working to ensure clients received optimal financing while project managing the PACE process from initial concept to close.

Frank started his career in Washington, D.C. working in the clean energy practice of a lobbying group. Frank then made the move out to Colorado where he continued clean energy advocacy work at the Denver Capitol. Having had his fill of politics, Frank attended the University of Denver earning his MBA with a concentration in commercial real estate. Frank received his undergraduate degree from Davidson College in North Carolina. A dedicated professional, Frank works on behalf of clients in the built environment to ensure climate and pocket-friendly upgrades move forward.

Frank resides in Denver, Colorado with his wife, daughter, and dog. In his free time, Frank enjoys spending time with his family, cooking, and enjoying the Rocky Mountains.

Shawn Neece

Founding Member

Renew Partners

Shawn Neece is a founding member of Renew Partners LLC. Shawn participates in the executive development and operations teams for all Renew’s projects and properties. He was also the founder and managing partner for NMS, a CPA, consulting, and wealth management firm. In that role, he worked closely with NMS’ real estate industries clients, with a focus on complex capital stacks and tax credits. Shawn holds a Bachelor of Business Administration degree from Cleveland State University, a Master of Accountancy degree from Kent State University, and is a CPA in both Ohio and Florida. He is a member of the AIPCA, Heritage Ohio, Geauga Growth Partnership, and other local and national associations. He also serves on various local boards and is an adjunct professor in the school of business at Lake Erie College.

Cliff Kellogg

Executive Director

C-PACE Alliance

Cliff Kellogg is the Executive Director of the C-PACE Alliance, Inc., a nonprofit business

association supporting best practices to drive capital investment in Commercial PACE financing.

C-PACE Alliance’s mission is to increase the quality and volume of C-PACE financing to achieve

its public purpose goals. C-PACE Alliance members are capital providers and transaction

experts that have financed the vast majority of $4 billion in C-PACE transactions in 25+ states

and the District of Columbia. C-PACE Alliance offers technical assistance to new and emerging

C-PACE programs, publishes best practice papers, and seeks to strengthen C-PACE Program

Administrators.

Cliff’s federal government experience includes service as the Executive Director of the Detroit

Federal Working Group, coordinating the federal government’s assistance to the City

immediately upon its exit from municipal bankruptcy. Cliff also served as Director of the U.S.

Treasury’s State Small Business Credit Initiative, awarding $1.5 billion to states for loan and

equity programs for small businesses. Earlier, Cliff worked at the National Economic Council

and the US Treasury helping to develop the New Markets Tax Credit.

Cliff has extensive banking experience in private sector, as President & CEO of City First Bank of

DC, the first CDFI bank in the region, and at Shorebank Corporation in Chicago, IL as head of

capital management and as Vice President of Commercial Lending at the bank subsidiary.

Benjamin Hertz

Moderator

Biscred

Born out of a clear need for a commercial real estate-specific prospecting tool, Bisnow's CEO Will Friend started development in earnest during the 2020 pandemic. Using the foundation of Bisnow’s first-party data from 11 million readers across 50 markets, the Biscred team Friend assembled established methodology, defined industry classifications, built schema, researched contact information, and created a database that delivers the information that sales and marketing professionals need to do more business.

Integrating cutting-edge artificial intelligence with human finesse, Biscred now boasts a database of over 130,000 commercial real estate companies and counting. As the only sales and marketing platform built for CRE, Biscred empowers teams to navigate this complex industry to find new companies and prospects within their target audience and unlock new levels of operational efficiency to smash their growth targets.

PACE Info:

What Is Property Assessed Clean Energy Financing?

Property assessed clean energy, or PACE financing is a financing solution that provides low-interest loans to businesses and homeowners to fully cover the cost of clean energy and other relevant improvements. The PACE loan is noted on a property tax bill as an assessment.

Building owners can pay it back the loan via their annual property tax bill for as long as 30 years. As it is being paid out in portions over a longer period of time, the building's managers and owners will be able to take time to make the necessary energy-efficiency upgrades.

PACE lending has been implemented in 38 states and Washington, D.C., according to PACENation. While PACE lending criteria vary depending on the state or local governing body, it can be used to create energy and water-saving solutions.

Commercial owners would apply for a commercial property assessed clean energy, or C-PACE, financing, which can be applied to new construction projects or renovations of existing properties. In addition to funding energy-efficient systems, C-PACE can also be used to fund projects that promote resilient infrastructure. This helps buildings in regions that are susceptible to structural damage due to inclement weather or other disasters.

What Does C-PACE Financing Cover?

C-PACE is financing that is allocated specifically to commercial assets, including industrial and multifamily/affordable housing buildings, as well as schools and hospitals. The Department of Energy reports projects involving energy-efficient upgrades commonly cost $250K or more. For example, commercial properties use the C-PACE program for solar conversions, which can cost thousands of dollars. The average starting cost for commercial solar panels is around $50K, according to GreenBuildingElements.

C-PACE financing can cover the cost of labor and materials. In addition to PACE funding for solar programs, the types of commercial repairs and upgrades that C-PACE would cover are:

LED lighting.*

Roof replacement.

HVAC systems.

Heating and cooling.

Infrastructure for clean water.

* PACE loans can’t be used to finance portable items, such as screw-in lightbulbs. However, the funds can be used to replace incandescent and fluorescent lighting.

How Does The C-PACE Program Work?

Upon submitting an application and receiving approval for a loan from an appointed C-PACE administrator, it will become a legal claim and the assessment will be tacked onto a property tax statement. The building owner uses the funds to cover the services performed by the contractor and energy service company.

Payments for a C-PACE loan are collected annually. While building owners have between 10 and 30 years to repay the loan, the repayment process can be started at any time. Otherwise, an amount for repayment will be included with each yearly property tax bill. The interest doesn’t change and has typically been between 5% and 6%.

Owners can typically split the cost of the loan with building tenants. Additionally, because the C-PACE is connected to property taxes, should the original building owner choose to sell the building, it would be passed onto the next owner.

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