C-PACE Financing is Available in New York
C-PACE Active
Yes
Available for New Construction
Yes
Max LTV
TBD
C-PACE financing in New York provides commercial property owners and developers with a powerful tool for funding energy efficiency, renewable energy, and building resilience improvements. Learn how this innovative construction financing option can benefit your commercial real estate project.
C-PACE Eligibility in New York
In New York, C-PACE financing offers commercial property owners and developers access to low-cost, long-term capital for energy efficiency, renewable energy, and resilience projects. Review the eligibility requirements for commercial real estate loans through the C-PACE program below.
Eligible Property Types
Property types that qualify for C-PACE financing in New York
- Office Buildings
- Retail Properties
- Hotels & Hospitality
- Industrial Facilities
- Multifamily (5+ Units)
- Multifamily (4-5 Units)
- Multifamily (1-3 Units)
- Warehouses & Distribution Centers
- Healthcare Facilities
- Senior Living
- Educational Institutions
- Religious & Community Facilities
- Agricultural Properties
- Self-Storage Facilities
- Data Centers
- Mixed-Use Developments
- Restaurants
- Recreational & Entertainment Venues
Project Types
C-PACE hard money loan options for different project stages
- New Construction
- Retrofits & Renovations
- Refinancing (36 month lookback)
Eligible Improvements
Types of improvements that can be financed through C-PACE
- Energy Efficiency Improvements
- Water Efficiency Improvements
- Energy Storage
- EV Charging Stations
- Seismic Strengthening
- Hurricane & Wind Resilience
- Stormwater Management
- Public Health Measures
C-PACE Financing Terms in New York
Max Term (years)
30
Minimum Loan Amount
TBD
Maximum Total LTV
TBD
Max C-PACE to ECC
TBD
Max Retrofit LTV
TBD
New Construction TECC
TBD
C-PACE Programs in New York
New York offers various programs for property owners seeking commercial real estate loans through C-PACE. These programs connect property owners with hard money lenders and construction loan options for energy efficiency and renewable energy projects.
Energize NY C-PACE
Administered by the Energy Improvement Corporation (EIC), a local development corporation that provides financing to commercial buildings.
Visit program websiteNYC Accelerator PACE
New York City's PACE program administered by the NYC Energy Efficiency Corporation (NYCEEC).
Visit program websiteNotable C-PACE Projects in New York
These successful commercial real estate projects in New York have utilized C-PACE financing as an alternative to traditional construction loans and hard money lenders, demonstrating the effectiveness of this financing mechanism.
Mixed-Use Development in Manhattan
A $3.2 million C-PACE financing for energy efficiency upgrades in a mixed-use commercial building.
Solar Installation for Retail Center
A $1.8 million C-PACE loan for rooftop solar installation on a retail shopping center in Brooklyn.
Hotel Renovation in Albany
A $4.5 million C-PACE financing for HVAC upgrades and envelope improvements in a hotel property.
Optimize Your Capital Stack in New York
C-PACE financing offers commercial real estate developers and owners a strategic alternative to traditional construction loans and hard money loans. By integrating C-PACE into your capital stack, you can optimize your project's financial structure, potentially reducing your weighted average cost of capital.
In New York, C-PACE can typically fund up to 20% of total project costs for eligible improvements, complementing senior debt and reducing the amount of equity required.
C-PACE Capital Stack Benefits
- Fixed-rate financing with terms up to 30 years
- No personal guarantees required (non-recourse)
- Can fund up to 20% of eligible project costs
- Transferable upon property sale
- Potentially improves debt service coverage ratios
Example Capital Stack for New York
What is C-PACE Financing?
Learn how C-PACE financing works for commercial property owners and developers in New York
C-PACE Overview
C-PACE (Commercial Property Assessed Clean Energy) is an innovative financing mechanism that provides long-term, fixed-rate funding for energy efficiency, renewable energy, water conservation, and resilience improvements to commercial properties.
In New York, C-PACE financing allows commercial property owners to access capital for qualifying improvements with repayment through a voluntary property tax assessment.
Key Benefits for New York Properties
- Long-term financing (up to 30 years) with fixed interest rates
- Non-recourse funding that doesn't appear on balance sheets
- Transferable with property ownership
- Available for most commercial property types in New York
Watch Our C-PACE Intro Video
Get a quick overview of how C-PACE financing works and see real examples of successful projects.
New York C-PACE Frequently Asked Questions
Get answers to common questions about C-PACE financing for commercial real estate projects in New York. Learn how this alternative to traditional construction loans and hard money lenders can benefit your project.
Ready to Explore C-PACE Financing for Your Project?
Our eligibility checker can help determine if your commercial property and improvements qualify for C-PACE financing. Connect with hard money lenders and commercial real estate loan providers who specialize in C-PACE construction financing.
Check Your Project Eligibility