Mortgage Holders

Mortgage Holders

How Colorado C-PACE Works for You

Colorado C-PACE financing is secured by a special assessment and corresponding lien placed on the building owner’s property. This assessment is senior to all commercial liens, including mortgages and deeds of trust. It is equal (pari passu) in priority to other special assessments on the property and junior to general tax liens. The Colorado C-PACE Statute at C.R.S. 32-20-105(3)(i) requires that property owners receive the consent of all holders of mortgages or deeds of trust on the property to the imposition of the C-PACE assessment. Furthermore, under the Colorado C-PACE statute, energy improvements may be financed under the program as long as they generate “utility cost savings.” The majority of C-PACE projects generate positive cash flow based on the energy savings. For this reason C-PACE projects typically have a positive impact to a mortgage holder’s key questions – What is the project’s impact to:
  • Borrower’s repayment ability
  • Collateral value
To support mortgage holder project evaluations, the Colorado C-PACE program administration team provides an independent 3rd party review of the technical and financial projections. Such review is consistent with industry best-practice methodology as defined in the Environmental Defense Fund’s Investor Confidence Project protocol. Moreover, the Colorado C-PACE team leverages its proven project optimization tools and extensive project experience databases to facilitate quality assurance across the project development life cycle. Given the cash flow generating characteristics of C-PACE projects, over 50 mortgage holders across Colorado have consented to C-PACE projects. Click here to view list of C-PACE Consenting Mortgage Holders in Colorado. Contact us to learn how Colorado C-PACE is supporting mortgage holder’s consent evaluations for C-PACE projects. These C-PACE projects add value to the mortgage holder-building owner relationship by:
  • Increasing borrower’s repayment ability
  • Reducing borrower’s default risk
  • Increasing mortgage holder’s collateral value

Mortgage Holder Resources

Consenting Financial Institutions

Note that an asterisk below indicates multiple consents.
  • Academy Bank
  • Access Point Financial
  • Adams Bank and Trust
  • Air Academy Federal Credit Union
  • Alpine Bank*
  • ANB Bank*
  • Bank of Colorado*
  • Bank of the Ozarks
  • Bank of the West
  • Bellco Credit Union*
  • Berkley Bank*
  • Centennial Lending
  • Central Bank & Trust
  • Citizens State Bank
  • Citywide Banks*
  • Collins Community Credit Union
  • Colorado Business Bank
  • Colorado Clean Energy Fund
  • Colorado Historical Society
  • Colorado Structures Inc*
  • Denver Urban Renewal Authority
  • First Bank*
  • First Citizens Bank
  • First National Bank
  • First National Bank of Hutchinson
  • First National Bank of Monument
  • Great Western Bank
  • Guaranty Bank and Trust
  • iBorrow
  • Impact Development Fund
  • InBank
  • Independent Bank*
  • JR&B
  • Legacy Bank
  • LoanCore Capital
  • Midfirst Bank*
  • Midland States Bank
  • Money 360 Advisors
  • Mutual of Omaha*
  • Pacific Western Bank
  • Pueblo Bank and Trust
  • Security Services FCU
  • TBK Bank
  • UMB Bank
  • Vectra Bank
  • Verus Bank
  • Waypoint Bank
  • Wells Fargo*