
Freddie Mac C-PACE
Financing
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
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When in the project process an application should be started/completed. C-PACE program must be qualified prior to Freddie Mac multifamily granting consent.
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Level of effort required. Check with Optigo Lenders for details.
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Length of time to receive funding. Check with Optigo Lenders for details.
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Contractor requirements. Check with Optigo Lenders for details.
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Additional information
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Disadvantages. C-PACE program must be qualified prior to Freddie Mac multifamily granting consent for C-PACE financing.
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Ownership types or organizations are best suited for the program. Property owners looking to acquire or refinance a multifamily property.
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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.