The Green Building Initiative Inc. (GBI) is announcing its partnership with PACE Loan Group (PLG). PLG is a direct balance-sheet lender offering C-PACE financing for commercial real estate projects pursuing energy-efficient installations or upgrades. This partnership allows PACE Loan Group to finance Green Globes certification, supporting GBI’s vision to make sustainable, healthy, and resilient buildings accessible for all.
“Including third-party certification under eligible PACE expenses increases the accessibility of Green Globes certification,” says Vicki Worden, GBI president and CEO. “GBI’s Green Globes certification provides a roadmap for achieving sustainable, healthy, and resilient building objectives that reduce climate impacts and increase the value of an asset.”
The PACE program provides an alternative form of financing and offers many benefits over traditional financing. PACE legislation has been passed in 38 states plus the District of Columbia for eligible improvements. GBI and PACE Loan Group are committed to collaborating with clients to develop personalized 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 ease of access for developers nationwide to build sustainability into their commercial real estate projects,” says Rafi Golberstein, PLG CEO. “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 help 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 and existing building project types. Building owners can now secure PACE financing for eligible project expenses and Green Globes assessment fees. Certification allows owners to demonstrate their commitment to sustainability by earning a Green Globes certification.
GBI is pleased to welcome PACE Loan Group to its organizational membership.