National debut of FASTPACE.com by Allectrify, aimed at simplifying Commercial Property Assessed Clean Energy (C-PACE) financing across the United States.

Allectrify, a leading tech company, has launched a new platform called FASTPACE.com, designed to revolutionise the Commercial Property Assessed Clean Energy (C-PACE) financing landscape nationwide.

FASTPACE is a digital platform that aims to expand access for middle-market developers and property owners. It offers speed and flexibility as key advantages, with projects being financed less than four weeks from term sheet execution.

The platform allows users to instantly verify property eligibility, generate financing quotes, and obtain senior lender consent at no cost. Developers have praised the seamless process, with Erin Tolbert, a developer, securing $1.6 million for a hospitality project using FASTPACE.

FASTPACE supports up to 100% financing of eligible hard and soft costs, with terms of up to 30 years and both fixed- and adjustable-rate options. The platform's streamlined process enables closings in as little as 23 days, especially for projects under $10 million.

FASTPACE.com is the first digital platform to unify the C-PACE ecosystem with over 40 capital providers. Allectrify CEO Colin Bishopp stated that FASTPACE changes the slow and fragmented C-PACE process, bringing speed, standardization, and efficiency to every deal.

While the exact official launch date of the FASTPACE.com platform by Allectrify is not specified, the impact it is poised to have on the C-PACE financing industry is clear. With its user-friendly interface and streamlined process, FASTPACE is set to simplify and accelerate access to C-PACE financing for many developers and property owners.

In a separate development, HSBC has launched a digital platform for trade finance, although details about its specific features and benefits were not provided in the available information.