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AUSTIN, Texas, March 10, 2021 /PRNewswire/ Petros PACE Finance nearly tripled its prior 2019 total transaction volume in 2020. This included more than $100 million in retroactive Commercial Property Assessed Clean Energy (C-PACE) transactions as more and more commercial property owners used C-PACE as a refinancing tool to raise cash and lower expenses in response to pandemic-related challenges and uncertainty.
Petros closed refinancing transactions across eight states in the last 12 months. Demand for C-PACE refinancing continues to surge in 2021, fueled by ongoing business disruptions and capital restrictions among traditional lenders, along with broader availability and market awareness. Based on a pipeline in excess of $2 billion in C-PACE refinancing alone, Petros expects to close multiples of its 2020 volume this year.