A 100,000 s/f commercial high-rise office building with outdated building systems and overdue capital expenditures needs modernizing in order to attract and retain tenants. PACE Massachusetts can be used to replace more costly mezzanine or equity financing that is being considered for the project’s capital stack. With a 20-year term – and no upfront costs – much-needed upgrades such as new chillers, LED lighting, and high-efficiency HVAC systems can pay for themselves over time through the energy savings, add to the building’s value, and improve comfort for tenants.
