It’s estimated that some 60% of US commercial building stock was constructed before 1980, according to Clean Fund’s Chris Robbins (right, with sales team members Joe Euphrat and Felicia Williams). Clean Fund’s financing, also known as Property Assessed Clean Energy, or PACE, is a new item in the capital stack, allowing much needed upgrades to these older buildings. By addressing the financing barrier, Clean Fund enables energy/water efficiency and renewable energy projects through long-term, fixed-rate financing that is paid back on the property tax bill. This structure does not require covenants or guarantees, stays with the building upon sale, and can be passed on to tenants as an operating expense under certain lease structures. For more info on our Bisnow partner, click here.
Bisnow Content Partner:
Clean Fund - National -
https://x.com/cleanfund http://cleanfund.com(415) 256-8000
chris.robbins@cleanfund.com
Sponsored Content
CleanFund provides an innovative financing solution for things in your property that are TRULY valuable – the energy, water, mechanical and structural components of your building. CleanFund’s multi-state financing platform works efficiently with a variety of PACE programs to empower commercial property owners to rapidly enhance the value of their assets through reduced energy, water, structure and financing costs. Our straightforward financing program, which can be prepaid, provides nonrecourse financing up to 30 years, offering property owners an accelerated path to lower costs and immediate environmental impact.
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories
