Adam Lipkin and Jake Levin: PACE Financing for Commercial Real Estate
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Episode 466: 05-17-18
Jim Fried of Fried On Business talks to Adam Lipkin, Executive Director for Counterpointe Sustainable Real Estate in Miami, FL, a Hannon Armstrong partner (NYSE: HASI). Counterpointe Sustainable Real Estate is a direct capital provider of Commercial PACE (Property Assessed Clean Energy).
PACE is a new and innovative financing structure that allows commercial property owners to repay investments for building upgrades and new construction using a tax assessment. PACE can reduce and replace expensive mezzanine debt or equity with long-term non-recourse fixed rate financing as low as 6% with flexible prepay.
Joining the conversation is Jake Levin, Vice President of Business Development at Polo International Inc., a roofing and industrial coatings provider based in Pompano Beach.
Jim, Adam and Jake will discuss new trends in real estate financing using a PACE-based structure.