Commercial Property Assessed Clean Energy + Resiliency (C-PACER) is an innovative financing mechanism to help real estate owners fund efficiency and resiliency projects.

C-PACER is a loan agreement between a private lender and the property owner. The unique part about C-PACER financing is that the county records the loan as a lien on the property, which means that if the property owner sells the property, the assessment stays with the property (unless the payoff is part of the sale agreement).  Therefore, the loan is of part of the balance sheet. C-PACER projects rarely require cash up front.

Examples of projects that can be financed using C-PACER include:

CPACER programs are approved in Clark, King, Pierce, Snohomish, Spokane, Thurston, and Whatcom counties.

Details:
Date: Wednesday, September 21, 2022
Time: 10:00am - 11:30am PST
Location: Zoom link will be sent to those that register
Cost: No cost for BOMA members in Washington State, Non-members: $25

Speakers:
Erik Makinson, CEM, Founder & President, Resource Synergy
Rachel Davis, Senior Vice President, Petros Pace Finance
Rich Martinez, SVP & Director of Municipal & Specialty Banking, Kitsap Bank
Terry Sullivan, Climate and Energy Program Manager, Office of King County Executive Dow Constantine