RevCap C-PACE Calculator

Project

Deal type

State

C-PACE program

Choose a state first.

Property type

Land or purchase price

As-is valueassumption

Defaults to the land or purchase price.

As-completed or stabilized value

Construction monthsassumption

Lease-up monthsassumption

Live estimate

To see your numbers, enter: Deal type, State, Property type, Land or purchase price, As-completed or stabilized value, Senior loan amount, 10-year Treasury rate, Stabilized NOI.

Illustrative only. Not a commitment to lend. C-PACE availability, terms and fees vary by program, jurisdiction and capital provider. Senior lender consent is required.

Assumptions behind these numbers

Senior rate: 7.5% assumption
Senior amortization: 30 years assumption
Senior interest-only months: 0 months assumption
Senior points: 1% assumption
Senior lender consent fee: $10,000 assumption
Senior loan sizing: Resizes to the combined limit assumption
Combined senior plus C-PACE limit: 95% assumption
C-PACE spread over Treasury: 350 bps assumption
C-PACE term: 25 years assumption
C-PACE origination: 1.25% assumption
Capital partner legal and title: $25,000 assumption
Energy or engineering study: $20,000 assumption
Capitalized interest months: 12 months assumption
Prepayment lockout: 0 years assumption
Prepayment premium by year: 5%, 4%, 3%, 2%, 1% assumption
Our capital partners' maximum share of value: 25% assumption
Cost of equity: 15% assumption
Mezzanine or preferred amount: $0 assumption
Mezzanine or preferred rate: 12% assumption
Sale price discount on transfer: 0% assumption