C-PACE has a wide range of applications from a single-measure replacement such as installing a new HVAC or retrofitting the lighting to a full gut rehab of an existing building.  Renovation projects are evaluated on a case-by-case basis.  On a single-measure replacement, C-PACE can fund 100% of the improvement including all fees and closing costs without the need to infuse additional equity in the property.  C-PACE can be utilized on a new acquisition of a value add property, or we can work with an current lender to improve the existing collateral without the need to unnecessarily spend capital on an entire capital stack refinance.