Special Report: Capital Markets – June 2023
CPACE Financing Alternative Gaining Traction in Higher-Cost Capital Markets Environment
CPACE, a state policy-enabled financing alternative, provides developers access to capital for construction and building upgrades. With all-in rates on floating debt now generally ranging from 8 percent to 13 percent or above, CPACE has become a more viable option for borrowers, including in hybrid structures. Such creative financing alternatives can help borrowers navigate current capital market challenges.
Key Features Include:
- Overview of the current financing landscape for CRE
- Breakdown of how CPACE has traditionally worked in the capital stack
- Details on how CPACE financing can be used in the current capital environment