Building Sector

Multifamily Affordable Housing, Multifamily Market Rate Housing

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Energy Type

Electricity, Gas, Solar, Water

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Financial Incentives

Loan, Mortgage

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Administrator

Freddie Mac

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Program name

C-PACE

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Program summary

Freddie Mac Multifamily can grant consent for Commercial PACE financing from qualifying Commercial PACE programs on loans in its retained portfolio. Additional requirements may apply.

 

Applicable building size

5 or more residential units.

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Opportunity

Freddie Mac may consent to C-PACE financing on those mortgages which Freddie Mac may consider (i) purchasing a mortgage for which C-PACE financing has been obtained, or (ii) approving C-PACE financing on a Mortgage that has been purchased by Freddie Mac, provided the C-PACE program complies with various requirements.

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Funding

• Incentive/funding details. Consent to C-PACE financing from qualifying C-PACE programs.

• Contract structure. Check with Optigo Lenders for details.

• Amount (max, min, average). Check with Optigo Lenders for details.

• Simple payback. Check with Optigo Lenders for details.

• Tax and balance sheet. Check with Optigo Lenders for details.

• Pairing with other sources. Check with Optigo Lenders for details.

• Pairing with other sources. Check with Optigo Lenders for details.

 

Process

• When in the project process an application should be started/completed. C-PACE program must be qualified prior to Freddie Mac multifamily granting consent.

• Level of effort required. Check with Optigo Lenders for details.

• Length of time to receive funding. Check with Optigo Lenders for details.

• Contractor requirements. Check with Optigo Lenders for details.

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Additional information

• Disadvantages. C-PACE program must be qualified prior to Freddie Mac multifamily granting consent for C-PACE financing.

• Ownership types or organizations are best suited for the program. Property owners looking to acquire or refinance a multifamily property.

• Program fit for customer. Are acquiring or refinancing a multifamily property and have received or are seeking C-PACE financing.

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Take action

Visit C-PACE website for more information.