News & Blog

  • PACENation Announces Election of Mansoor Ghori to Board of Directors

    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 PACE financing to commercial property owners across the country, funding energy efficiency and clean energy upgrades in 11 states.

    “Mansoor is a real PACE pioneer, broadening the reach of PACE financing in what is still a very young marketplace. He’s been a real leader in emphasizing standards and best practices, and we think he’s a strong addition to our Board,” said Jeff Tannenbaum, PACENation’s founder and Board Chair. “I’ve had tremendous respect for Mansoor and his contributions to building PACE, and PACENation”, said David Gabrielson, Executive Director of PACENation. “We literally expanded the size of our Board to add him. We think he’ll make a huge difference in our ability to serve PACE stakeholders. “PACENation is the face of the PACE industry and being on the Board is a great privilege. I look forward to contributing to its growth,” said Mansoor Ghori.

    PACENation is the national, independent non-profit organization that advocates for PACE within the United States and in growing markets abroad and provides information, resources, and advice to PACE market participants from the government, non-profit and for-profit sectors. Its annual Summit has become the must attend event for PACE market participants and those intent on providing it. Mansoor Ghori serves as Co-Chair for this year’s Summit, which will be held in Austin on April 3-5.

    View press release.

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    MikePACENation Announces Election of Mansoor Ghori to Board of Directors
  • Petros PACE Finance Closes $24.9 Million C-PACE Financing in Omaha, Nebraska

    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 Development, Inc., an Omaha-based development company chosen by the Metropolitan and Convention Authority to redevelop the two-block site as part of an urban renewal effort for downtown Omaha.

    The project will fund C-PACE eligible upgrades for the $205 million mixed-use development called the Capitol District. The development includes a 333-room Marriott hotel, a 223-unit apartment building, and 90,000 square feet of retail space. The project will consist of significant energy efficiency measures that will generate substantial savings over the 22-year terms of financing. C-PACE was a natural complement to the capital stack that also included multiple senior lenders, an EB-5 mezzanine tranche, and a Tax Increment Financing component. The City of Omaha administered the C-PACE financing for the Eastern Nebraska Clean Energy Assessment District (ENCEAD).

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    MikePetros PACE Finance Closes $24.9 Million C-PACE Financing in Omaha, Nebraska
  • New resource: Model Legislative Clauses Checklist

    Over the years, PACENation has consistently received questions and requests for help as to how states can best write and implement PACE-enabling legislation. Through this experience, we have recognized the need to provide additional resources that help guide the legislative process. We have come to the conclusion that a template legislation would be ineffective for entities seeking this help for a few reasons. Primarily, state’s constitutions vary considerably in the way that their legislation is crafted, and ultimately template legislation would be unproductive.

    We are introducing a more constructive resource that can be used for states in development looking for guidance on how to best draft successful legislation. This new model clauses checklist outlines PACENation’s recommendations for crafting legislation, and for each recommendation provides text examples of how other states have approached and written legislation and how they have successfully put those ideas into language concisely.

    PACENation is eager to provide resources that assist in building the PACE marketplace and we encourage all market participants to contact us with questions or requests you may have. PACENation works with states, municipalities, and the private sector to guide the development of legislation at every stage. While we are not lawyers, we have the resources to facilitate connections and give contacts that help support your needs.

     

    Download the Model Clauses Checklist

    View all legislative resources

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    StephanieNew resource: Model Legislative Clauses Checklist
  • Introducing PACENation’s New Membership Program and Expanded Member Benefits

    PACENation PACE Financing

     

    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 list of organizations and people that have made PACE their focus. PACENation is at the center of a PACE marketplace that is moving us toward a clean energy economy that’s creating jobs, saving money, and building business opportunities for everyone.

    We’d like to thank the hundreds of organizations from the public and private sectors that have come forward to support PACENation throughout the years —  you have enabled us to pursue our mission to support all stakeholders in this market. See what some of our members have to say in the video below:

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    MikeIntroducing PACENation’s New Membership Program and Expanded Member Benefits
  • CleanFund closes 144A securitization backed by $115M of C-PACE assessments on 82 properties

    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 Greenworks Lending in the third quarter of 2017.

    Read more in the press release below, or click here to read the release on PRWeb:

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    MikeCleanFund closes 144A securitization backed by $115M of C-PACE assessments on 82 properties
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