Is C-PACE in NYC Finally Gaining Momentum? ??? New York City's C-PACE program has faced hurdles, but is it finally ready to take off? This article dives into the challenges and opportunities shaping the market. Last year Bayview PACE closed $3.5 million in C-PACE financing for a mixed-use asset at 66 Main St. in Yonkers. The 10-story property encompasses 170 apartments and 19,900 square feet of retail space on the ground floor. The loan utilized a combination of #retroactive C-PACE and future PACE-eligible tenant improvements. The funds were used for energy efficiency upgrades, HVAC repairs and replacements. ?? Read more: https://lnkd.in/gqVjr_J2 Commercial Property Executive #CPACE #NYCRealEstate #CommercialRealEstate #CRE #newyorkcity #NYC
