What Virginia Attorneys Need to Know About Commercial Property Assessed Clean Energy (C-PACE) Financing (Online Seminar)

MCLE Credits: 2.0
Ethics Credits Included: 0.0

MCLE Credit: 2.0 (Ethics: 0.0)
Live-Interactive Credit: 0.0
Price: $149 (Includes a downloadable audio version.)
Viewable Through: 06/30/2021

Information

A pre-recorded streaming video replay of the June 2019 webcast, What Virginia Attorneys Need to Know About Commercial Property Assessed Clean Energy (C-PACE) Financing.


Topics Covered

Attend this seminar if you are active in the Virginia commercial real estate market and want to learn more about C-PACE in Virginia, including the following:

  • What is C-PACE?
  • How does C-PACE work?
  • Who are the C-PACE stakeholders?
  • What are the benefits, obligations, and/or risks to each C-PACE stakeholder?
  • What are the basic elements of a C-PACE financing?
  • What types of improvements may be financed through C-PACE?
  • What legal documents are required in a C-PACE transaction?
  • How does a C-PACE financing compare to a conventional loan?

The landscape for C-PACE transactions is constantly changing across the country and within the Commonwealth of Virginia. At this seminar, we will educate commercial real estate attorneys regarding the latest developments in the Virginia C-PACE market—from recent amendments to Virginia’s C-PACE legislation to updates on the active C-PACE programs across the Commonwealth. This course will cover the basics of C-PACE financings so that Virginia practitioners may effectively advise their clients in connection with C-PACE transactions in Virginia’s developing C-PACE market.

 
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Schedule

Faculty

ABOUT THE SPEAKER

Carrie Hallberg O'Malley, Hirschler Fleisher, P.C. / Fredericksburg
With over 22 years of commercial real estate and finance experience, Carrie O’Malley advises clients on innovative investment structures related to commercial real estate. She maintains a niche focus in the rapidly evolving impact investment area of Property Assessed Clean Energy (PACE) financing. Ms. O’Malley leads Hirschler’s multidisciplinary PACE team, which to date can claim more national PACE experience than any other law firm in the country. Her PACE expertise includes counseling all of the major stakeholders in PACE financings, including property owners, capital providers, municipalities, and program administrators. Ms. O’Malley advises PACE capital providers on all transactional elements of a PACE deal—from financing structures, to real estate due diligence, to document negotiation and compliance. With extensive PACE knowledge in a variety of jurisdictions, she also works with program administrators and municipalities throughout the lifecycle of a PACE project to improve national PACE programs and standardize PACE documentation. Ms. O’Malley was involved in many PACE funding “firsts,” including the first PACE-funded office construction project in the United States (Milwaukee, Wisconsin), the first rated C-PACE securitization in the country, and the first new construction PACE transaction in the District of Columbia, the D.C. United Soccer Stadium. Her representation of the PACE capital provider for the stadium is also the third-largest PACE deal on record in the United States.

Ms. O’Malley served on the 2018 and 2019 PACENation Summit Steering Committees. At Hirschler she serves as co-chair of the Commercial Real Estate Finance and Investment Practice Group, an active participant (and former chair) of the Women's Initiatives Network (WIN), and the former chair of the Commercial Real Estate and Finance Associate Development Program. She completed a rigorous, four-year JD-MBA joint degree program at the University of Richmond in only three years of study, where she received her J.D. from the T.C. Williams School of Law and her M.B.A. from the Richard S. Reynolds Graduate School of Business.  She also earned her B.S.B.A. from the E. Claiborne Robins School of Business at the University of Richmond.

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