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Samas Capital

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Challenge Commitment

$150

Million

BACKGROUND

Samas Capital is a program administrator and capital provider for energy improvement projects via the Property Assessed Clean Energy (PACE) platform. Samas Capital was founded with the goal of building an enduring alternative investment management and innovative specialty financial products firm, and delivers to the needs of their clients by focusing on their long-term interests.

Markets Served

PACE financing can be used to finance a wide variety of energy upgrades in commercial buildings. PACE programs in California can finance renewable energy, energy efficiency, or water conservation upgrades that are permanently affixed to the building. These include envelope measures, HVAC, cool roofs, photovoltaics, solar thermal, and plumbing upgrades. Because the cost of the measures is repaid through the property tax bill, PACE is generally not appropriate for public buildings but is suitable for a wide range of privately owned or non-profit buildings including commercial office, retail, industrial, or agricultural facilities.

Products and services descriptions

Samas Capital partners with local governments to establish a streamlined and inexpensive PACE structure, which allows them to offer financing on energy efficiency, renewable energy, and water conservation improvements. Samas Capital uses the capital markets for funding, which provides an extremely competitive pricing mechanism for financial products.

Samas Capital provides PACE financing to commercial properties throughout California through San Francisco's GreenFinanceSF and CaliforniaFIRST, a statewide program that currently serves 14 counties. Both of these programs are using the Open Market PACE model, which gives owners of commercial buildings the flexibility to choose a contractor and install a custom-tailored clean energy project on an accelerated schedule. Property owners choose the best financing option, with the investors' repayment secured through a special tax assessment levied on the property and repaid by the owner through the property tax bill. Tax assessments attach to the property, not the owner, and can extend project paybacks for up to 20 years.

to learn more, contact

info@samascapital.com

Markets Served by Samas Capital

Building Types

  • Commercial Office
  • Industrial
  • Health Care
  • Agricultural

Occupancy Type

  • Owner-Occupied

Types of Upgrades

  • Comprehensive Building Performance
  • Combined Heat & Power Conversions
  • On-Site Boiler Conversions
  • On-Site Power Generation

Financing Structures

  • Property Assessed Clean Energy (PACE)
  • Non-debt Structures