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PACE Lending for Hotel Properties

Commercial Property Assessed Clean Energy (CPACE) provides real estate developers and property owners with an innovative tool to finance construction projects within existing buildings or new construction.


  • Funding up to 25% of building’s value

  • No personal guarantees

  • Up to 30 year fixed-rate 

  • Lower rates/cost than mezzanine debt or equity

  • No payments up to 2 years

  • No principal repayment required upon sale

  • Ability to pass through tax assessment to tenants or hotel guests

PACE can fund a wide variety of improvements including:

  • HVACR and Controls

  • Lighting & Electrical

  • Building Envelope

  • Water Efficiency

  • Renewable Energy / CoGen

  • Associated Soft Costs

Loan Guidelines:


$1 Million to $50 Million

Fixed starting at 5.75%

Term: up to 30 years

Interest only or matched to first mortgage

For: New construction, renovations and recapitalization

Up to 30% LTC and LTV

Origination varies


Flexible prepayment

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