Commercial real estate finance company Allectrify has announced the launch of FASTPACE.com, a new platform built to simplify and accelerate access to Commercial Property Assessed Clean Energy (C-PACE) financing nationwide.
FASTPACE is the first national platform of its kind to unify the entire C-PACE ecosystem, connecting property owners and developers to a growing network of more than 40 capital providers.
“C-PACE financing has long held transformative potential, but the process has remained too slow and fragmented,” said Allectrify CEO Colin Bishopp, who unveiled the platform at a gathering of C-PACE program administrators in Chicago. “FASTPACE changes that. It brings speed, standardization and efficiency to every deal so that more projects can move forward, faster.”
At the center of the experience is a digital interface that allows users to instantly verify property eligibility, generate a quick financing quote and access tools to obtain senior lender consent — all at no cost.
FASTPACE.com enables financing of up to 100% of eligible hard and soft costs, with terms up to 30 years and fixed- or adjustable-rate options. Project types include new construction, complex renovations, simple building upgrades and recapitalization of completed work.
FASTPACE is the only C-PACE platform optimized for projects of all sizes, with a focus on serving the middle-market sector. The platform’s streamlined process enables closings in as little as 23 days — especially for projects under $10 million.
During its pilot phase, FASTPACE was used to finance projects across the country, including solar installations, HVAC upgrades, adaptive reuse and ground-up new construction. Early adopters have praised its speed, flexibility and user experience.
News item from FASTPACE