C-PACE deals rarely fail on the merits. They fail on sequence — most often because the developer learned about the mechanism after the senior loan had already closed. This sheet places each action at the project stage where it costs the least, from predevelopment through completion, and marks the senior debt term sheet as the critical stage. Three failure modes are named: raising it too late, misreading the lender’s concern as unfamiliarity when it is priority, and the documentation gap that appears when the design team was never instructed. Closes with timing reality, including the sixty-to-one-hundred-twenty-day engagement-to-closing range.
