An interactive workshop for developers, lenders, investors, and advisors seeking a clear, working understanding of C-PACE and its role in today’s financing environment.
Live Session: Monday, May 18 — 3:00–4:30pm ET
This live session will be recorded and shared with all registered participants via Circle.
C-PACE has evolved well beyond its origins as a niche tool for financing small-scale energy efficiency upgrades. It is increasingly being used to support ground-up development, major capital improvement projects, and the recapitalization of higher-cost construction debt. What was once a sustainability product at the margins of the capital stack is now an integral part of how sophisticated sponsors structure deals — offering flexible, cost-effective capital across a wide range of asset classes and project types.
This workshop is a practical, hands-on walkthrough of how C-PACE actually works in practice. North Bridge Founder & CEO Laura Rapaport and Managing Director Ilana Ettinger break down the mechanics of the product, the use cases where it delivers the most value, and the deal-level considerations that practitioners need to understand. Along the way, they'll draw on real transactions from North Bridge's own experience to show how C-PACE performs across a variety of project types and market conditions.
You'll leave with a clear understanding of how C-PACE fits into the capital stack, when and how to use it, and the practical knowledge to evaluate it for your own deals.
How C-PACE works and why it matters now
C-PACE is a long-term, fixed-rate credit solution secured by a special assessment — not a mortgage. We'll cover the basics of how it's structured, how it's repaid, and why its unique position in the capital stack makes it attractive to both sponsors and lenders. We'll also trace how the market has grown from niche sustainability deals to over $10B in cumulative originations.
How sponsors are using C-PACE to reduce equity and replace expensive debt
C-PACE can fund up to 40% of total project capitalization in new construction, and in many cases can finance renovation costs at up to 100%. We'll walk through how developers are using it to reduce equity requirements, replace high-cost mezzanine, and improve project-level returns without taking on additional recourse.
How C-PACE works for ground-up development, recapitalizations, and retrofits
Not every deal looks the same. We'll cover the full range of use cases, from new construction to post-TCO recapitalizations to energy and resiliency improvements and explain how the structure adapts to each. We'll also address what qualifies under most state programs and why building to current code often unlocks C-PACE eligibility automatically.
How to navigate lender consent and get senior lenders on board
We'll cover what lenders are looking for, how consent has become more standardized as the market has matured, and what sponsors can do to smooth the process, including how North Bridge approaches lender conversations on its own deals.
This workshop is built for anyone involved in sourcing land for ground-up development — whether you're finding sites, underwriting them, or closing on them.
Roles
Asset Types
No C-PACE background required. If you want to understand C-PACE as a capital markets tool, you'll get value from this workshop.
Within one week of the workshop ending, participants will receive access to:
Circle is where we host all workshop materials and continue the conversation. Members also gain access to a live, active community of real estate investors, developers, operators, and capital allocators to connect, ask questions, and continue the discussion beyond the session.
Will participants receive a copy of the materials?
Yes. All registered participants will receive an invitation to join our private Circle community. Recordings and slides will be uploaded within one week of the workshop ending.
I can’t make this time—will a recording be available?
Yes. All registered participants receive access to the recordings and materials via Circle, even if they cannot attend live.
