LB01 — The Instrument: Seven Characteristics

Seven characteristics produce nearly every other fact about C-PACE — learn these and you can handle most of the room. Each is stated twice: what it means, and how it lands with a credit officer, because a broker explains this to a sponsor and to a credit desk sometimes in the same week. Attaches to the property, non-recourse, repaid through the tax bill, funds up to 100% of eligible costs, no maturity risk, requires written lender consent, and retroactive funding available in many structures. Followed by how to state term precisely — up to twenty years, not to exceed weighted average useful life, and never quote a term before the capital provider gives you one — and what produces eligible basis. Ends on the boundary: this card equips you to size and explain, not to qualify.