Episode 456: 03-08-18
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. Jim and Adam will discuss new trends in real estate financing using a PACE-based structure.