PACENation is pleased to announce that Mansoor Ghori, a co-founder and CEO of Petros PACE Finance, LLC, has been elected to serve on the Board of PACENation. Founded in 2013 in Austin, Texas, Petros PACE Finance has dedicated all its resources to providing long‐ term
The largest announced C-PACE project to fund in the U.S. during 2018. AUSTIN, Texas, Dec. 21, 2018 /PRNewswire/ — Petros PACE Finance, LLC (www.petros-pace.com) announced today the closing of a $24.9 million Commercial Property Assessed Clean Energy (C-PACE) transaction in in Omaha, Nebraska with Shamrock
PACENation has always worked to make PACE available in every community and for every commercial building and home. Our mission is to be the impartial advocate for PACE financing, and to accelerate this rapidly growing market by offering guidance, market research, and networking opportunities to the ever-expanding
CleanFund Commercial PACE Capital announced the closing of a securitization backed by $115M of C-PACE assessments on 82 properties in six states. A $103M, AAA-rated note was issued in connection with the transaction. This transaction represents the largest C-PACE securitization yet, followed by an earlier $75M securitization closed by
Broad coalition applauds recommendations for statewide Property Assessed Clean Energy (PACE) financing programs for homes and commercial buildings to meet Gov. Cuomo’s energy-climate goals PLEASANTVILLE, N.Y., April 27 – Today, New York State announced its support for residential Property Assessed Clean Energy (PACE), recommendations to
Source: Lawrence Berkeley National Laboratory A new study by Berkeley Lab found that residential Property Assessed Clean Energy (R-PACE) programs increased deployment of residential solar photovoltaic (PV) systems in California, raising it by about 7-12% in cities that adopt these programs. R-PACE is a financing mechanism that uses a
Author: Justin Dean, Commercial Property Executive During the PACENation Summit in Denver, keynote speaker Abigail Hopper, president & CEO of SEIA, explored the PACE program’s potential to open new markets, key means to increase solar usage and the tariffs on imported solar panels. Day two
PACENation welcomes new DBRS report showing “strong performance with very low delinquency levels.” Today, credit rating agency DBRS released the first comprehensive analysis of residential PACE (R-PACE) delinquency rates that combines data across multiple years and PACE providers. Using data on R-PACE assessments over four
Source: Rocky Mountain Institute (By Jacob Corvidae and Martha Campbell) Last week, the Federal Housing Administration (FHA) announced it will stop insuring new mortgages on homes with property assessed clean energy (PACE) loans. As to what motivated its decision—according to its letter to the U.S. Department of Housing and Urban Development—the FHA is
U.S. Department of Housing and Urban Development Announces The Federal Housing Administration Will Cease Insuring Mortgages On Homes With PACE Assessments PACENation is dismayed to learn that HUD has abruptly reversed FHA’s PACE policy, which was put into effect by the Obama Administration in 2016,