Green Building Initiative partners with PACE Loan Group to finance sustainability and ESG projects
PACE Loan Group to finance Green Globes certification for commercial real estate projects.
PORTLAND, OREGON, USA, Sept. 19, 2022 /EINPresswire.com/ — The Green Building Initiative, Inc. (GBI) announces its partnership with PACE Loan Group (PLG). PLG is a direct-to-balance sheet lender offering C-PACE financing for commercial real estate projects targeting energy efficient installations or upgrades. This partnership enables PACE Loan Group to finance Green Globes certification, supporting GBI’s vision of making sustainable, healthy and resilient buildings accessible to all.
“Including third-party certification in eligible PACE spend increases the accessibility of Green Globes certification,” said Vicki Worden, President and CEO of GBI. “GBI’s Green Globes certification provides a roadmap for achieving sustainable, healthy and resilient building goals that reduce climate impacts and increase an asset’s value.”
The PACE program offers an alternative form of financing and offers many advantages over traditional financing. PACE legislation has been passed in 38 states plus the District of Columbia for qualifying improvements. GBI and PACE Loan Group are committed to working with their clients to develop customized solutions that help building owners achieve their sustainability and environmental, social and governance (ESG) goals.
“Our partnership with the Green Building Initiative is focused on creating easy access for developers nationwide to integrate sustainability into their commercial real estate projects,” said Rafi Golberstein, CEO of PLG. “As C-PACE lenders, we help make sustainable upgrades affordable and accretive to the capital stack. We believe that using rating systems such as Green Globes helps developers get credit for their work and recognition for their buildings.
Green Globes is a comprehensive science-based building rating system that supports a wide range of new construction project types and existing buildings. Building owners can now obtain PACE funding for eligible project expenses and Green Globes appraisal fees. Certification allows owners to demonstrate their commitment to sustainability by earning Green Globes certification.
GBI is pleased to welcome PACE Loan Group as an organizational member.
GBI is an international non-profit organization and American National Standards Institute (ANSI) accredited standards developer dedicated to reducing climate impacts by improving the built environment. Founded in 2004, the organization is the global provider of Green Globes® and the federal building guidelines certification and assessment programs. GBI also issues professional designations including Green Globes Professional (GGP), Green Globes Emerging Professional (GGEP) and Guiding Principles Compliance Professional (GPCP). To learn more about opportunities to get involved with GBI, contact [email protected] or visit the GBI website at https://thegbi.org/
About PACE Lending Group
PACE Loan Group (PLG) is a national leader in the C-PACE market, providing direct C-PACE financing to commercial owners for energy efficiency, renewable energy, water conservation and seismic projects. The PLG team has decades of experience in commercial lending and structured finance, providing expertise from top to bottom of the capital stack. To learn more about PLG, visit our website at www.paceloangroup.com.
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