A PACE 101 A BBY J OHNSON D OUG L AMB M ARK P IKUS.

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Presentation transcript:

A PACE 101 A BBY J OHNSON D OUG L AMB M ARK P IKUS

Abacus Property Solutions Independent real estate advisory firm, specialized in developing and financing energy solutions in existing buildings. Provide PACE project development services on national basis Work closely with partners including Inland Green Capital to identify PACE opportunities and develop program structures Partnered with McGuireWoods, Trane and RREA to amend Virginia’s PACE legislation Energy Solutions that Enhance Your Bottom Line Developing regional framework for PACE in MidAtlantic states that will drive demand and consistency

Specializing in residential and commercial PACE bonds Inland Green Capital has provided over $3 million in PACE projects over the past 3 months in 4 separate PACE program jurisdictions Looking to deploy more capital for PACE nationally and will assist in helping new programs get off the ground Inland PACE Activity Inland Headquarters

McGuireWoods LLP One of the largest U.S. law firms, with more than 1,000 lawyers and 21 strategically located offices worldwide National and international client base Excellent value proposition Top rankings in Chambers, Legal 500 and corporate counsel surveys Market leader in the rapidly expanding world of PACE finance

W HERE I S PACE? 5

W HY USE PACE? 6 Value Proposition

H OW PACE W ORKS 7

T HE PACE T EAM 8 PACE Lender Property Owner Contractor Program Admin/Municipality Existing Lender

Ivy Knolls Senior Living Community Project total: ~ $800,000 Term: 20 years Capital Provider: Inland Green Capital Program Admin: Greater Cincinnati PACE Mtg. Lender Consent: Yes Solar panels LED lighting Elevator modernization HVAC upgrades Energy savings: ~37% Electricity savings: $12,000/year Owner: 100% fixed rate long term financing Municipality: Prop. value increase, no city funding Contractor: greater deal flow, new financial product Mortgage Holder: prop. value increase, less loan risk Environmental: reduces carbon footprint Benefits Upgrades Overview

A T HANK Y OU !