Written to be handed to a lender and read without the developer in the room. It states what a C-PACE assessment is, what the lender is being asked to consent to, and — in a two-column table — what they are not being asked to do. The center of it is the three points a credit committee will want: only the annual installment is senior, never the outstanding balance; the funded improvements increase NOI and asset value, so the collateral is improved by the proceeds; and in most structures the assessment reduces total leverage rather than increasing it. Includes a mechanics summary, the timing argument, and the documents available on request.
LoginRegister
Your Organization
Account access
Prefer a full page? Use the registration page.
Enter the email address or username on your account and we will send you a reset link.