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Sustainable financing for sustainable buildings

Commercial financing for building retrofits and new construction.

C-PACE Commercial Property-Assessed Clean Energy Financing

C-PACE is the premier financing solution for all things sustainable. C-PACE is $0 down, long-term financing based on the property value, not business or personal credit. For new construction projects or deep retrofits and repositioning, it can replace expensive mezzanine debt & equity. Generally, C-PACE has the best return of any non-recourse financing available.

Dividend has been a C-PACE lender for over ten years and was one of the first C-PACE lenders in the country. We are the first and only C-PACE lender to transact on affordable housing properties.

Where we offer C-PACE

Want to learn more?

Power Purchase Agreement (PPA)

When you want your property to benefit from solar & storage, and you’d rather have
someone else take care of the details.

*Based on the estimated cost of electricity from the local utility and the value of energy that is generated.

Virtual Power Plant (VPP)

Utilities are using your wires rent-free. Turn your multi-tenant property’s electrical system into an income producing asset with Virtual Power Plant technology!

Energy Services Agreement (ESA)

Some of our nation’s utilities have prohibited PPAs in their service territory. The Energy Service Agreement is your solution for these unfair prohibitions. ESAs can fund both renewable generation and energy efficiency within a single instrument.

Specialty Project Financing

For those pesky projects so far ahead of the curve, Dividend’s creative and experienced experts can bring the right capital to help your project move from pipe dream to pay dirt.

Meet the Commercial Financing Team

Peter Grabell Senior Vice President

Peter joined Dividend in August 2015, following a 30-year career in commercial real estate finance and investment. Clean energy, resiliency and sustainability were unknown to Peter at the time. He is thrilled that Dividend is helping counteract climate change and reduce greenhouse gas emissions by financing improvements that lower a property’s carbon footprint and energy expenses.

Jacob Roth PACE Programs Manager

Jacob joined Dividend in 2018 with the goal of fostering sustainable buildings through sustainable financing. Over the past three years, he has been able to work on a wide variety of transactions that do just that. He appreciates that each deal has its own unique signature, and approaches each deal with that same energy and drive to create a more energy-efficient world.

Lucas Nagy VP, Sustainable Infrastructure

Now with Dividend for almost two years, Lucas’ past experience has been in distributed solar development and commercial and residential real estate. Whether it’s C-PACE for a water recycling project or project financing for residential geothermal grids, Lucas works with commercial property owners and developers to deliver optimal financing solutions.

Chad Kenney VP, Institutional PACE Finance

Kenney joins the Dividend C-PACE team with more than 15 years’ commercial banking experience, focusing on real estate and operating company lending. In his banking career, Kenney has held relationship management and leadership positions with smaller regional banks and super-regionals including Truist Bank and PNC Bank. He holds an MBA from Missouri State University, a Bachelor of Business Administration degree from Evangel University, and is a graduate of BB&T’s Management Development Institute.

Prequalify today

Find out if your project is eligible for Dividend’s commercial financing.


Give us a call at (877) 577.7373 or by email at [email protected]