First nationwide digital platform to unify the C-PACE ecosystem with over 40 capital providers
Streamlines financing for projects under $10 million with closings in as little as 23 days
Designed to expand access for middle-market developers and property owners
Allectrify has launched FASTPACE.com, a tech-enabled platform designed to simplify and accelerate access to Commercial Property Assessed Clean Energy (C-PACE) financing nationwide. The platform is the first of its kind to bring the entire C-PACE ecosystem under one roof, connecting property owners and developers to 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 at the launch event in Chicago. “FASTPACE changes that. It brings speed, standardization, and efficiency to every deal so that more projects can move forward, faster.”
FASTPACE’s digital interface allows users to instantly verify property eligibility, generate financing quotes, and obtain senior lender consent at no cost. The platform supports up to 100% financing of eligible hard and soft costs, with terms of up to 30 years and both fixed- and adjustable-rate options.
Optimized for projects of all sizes, FASTPACE is particularly focused on the middle-market sector. Its streamlined process enables closings in as little as 23 days, especially for projects under $10 million.
RELATED ARTICLE: HSBC launches digital platform that revolutionises trade finance
During its pilot phase, the platform financed a range of projects, including solar installations, HVAC upgrades, adaptive reuse, and new construction. Developers cited speed and flexibility as key advantages.
“We closed our C-PACE financing on the FASTPACE platform less than four weeks from term sheet execution,” said Erin Tolbert, a developer who used FASTPACE to secure $1.6 million for a hospitality project. “FASTPACE made the process seamless from start to finish.”
Follow ESG News on LinkedIn
