News & Events
Detroit Becomes Home to Michigan’s First PACE-financed Green Roof with $1 Million in Funding from Counterpointe Sustainable Real Estate. The green infrastructure, incentivized by DWSD’s Stormwater Infrastructure Plan and financed through the Lean & Green Michigan PACE program, is set to emerge along Detroit’s future Beltline greenway as the Letts Industries Building integrates itself into changing landscape.
CounterpointeSRE Announces a $5.5 Million C-PACE Financing for a New Multifamily Development in Greater Minneapolis/St. Paul, Minnesota
CounterpointeSRE continues commitment to sustainable real estate finance during a time of economic disruption. The $5.5 million in PACE financing brings the firm’s total funding in the multifamily sector to greater than $20 million since mid-March 2020.
Does PACE work with HUD financing? Yes. In fact, the potential for PACE financing to complement HUD Financing is a trending topic in the PACE industry covered by both the US Department of Energy’s C-PACE working group and PACENation in recent virtual workshops.
The disruption of business caused by COVID-19 is significant. We’ve seen that in minute-by-minute news coverage, financial market fluctuations and within our very own households. While we expect this unprecedented health crisis to continue for some time, Counterpointe Sustainable Real Estate is fortunate to be able to continue our work supporting energy-efficiency, renewable energy and resiliency projects in commercial buildings. We not only have capital, but we are actively deploying it for both new projects and retrofits. In fact, since March 23, when the S&P reached its recent low of 2300, the CounterpointeSRE team has closed 9 C-PACE transactions totaling $16.5 million.
Counterpointe’s team is currently working with healthcare providers, engineers and energy services professionals to consider how current legislation may be expanded to help healthcare and other commercial facilities respond to COVID-19 and future public health crises.
CounterpointeSRE Announces Four Closings, Including a $14.5 Million C-PACE Financing of a New Multifamily Development, in LA
Counterpointe Sustainable Real Estate (CounterpointeSRE), announced today the closing of four Commercial Property Assessed Clean Energy (C-PACE) transactions for a total of $15 million in financing through the California Statewide Communities Development Authority’s (CSCDA) Open PACE program.
Fairfax County Office Buildings Among Top Sectors To Benefit From Newly Passed Environmental Legislation.
C-PACE financing can be used by commercial property owners to fund 100% of energy saving investments. The program works for both existing buildings and new construction where the funding has become a valuable tool for developers of green buildings.
Tom Pfister a Forbes contributor writes on the emergence of PACE markets in the nation’s largest metropolitan cities including Chicago, New York, and Philadelphia. The trend began ten years ago, when the first few C-PACE programs moved stealthily out from the shadows of the Great Recession.
CSRE through the Maryland Commercial PACE program (MD-PACE), closed $1.9 million, 20-year (C-PACE) financing for energy efficiency and water conservation measures at the Microtel By Wyndham hotel development project in Gambrills, Maryland.