Sausalito, CA, March 8, 2016 – Today CleanFund Commercial PACE Capital, Inc., a leading provider of financing for solar and energy efficiency projects on commercial properties, announced that Dave Demaray joined the Company as Vice President of Construction and Engineering Services. Mr. Demaray will lead product development, implementation and training related to construction and engineering services in support of CleanFund’s partners and clients.
Greg Saunders, CleanFund CEO, said, “Dave has been in the commercial construction and engineering industry for several decades, and brings a wealth of knowledge in project estimating, scoping and management. He will be instrumental in helping CleanFund standardize the technical aspects of our PACEDirect and SolarPACE products. On behalf of CleanFund’s clients, Dave will be instrumental in maximizing the potential outcomes in generation or efficiency given his expertise and background.”
Most recently, Mr. Demaray was the Vice President of Construction at Project Frog Inc., the leading designer, manufacturer and installer of modular, energy efficient commercial and nonprofit buildings. While at Project Frog, he led the Pre-Construction and Engineering departments. Prior to Project Frog, Mr. Demaray was Vice President of Estimating for Fisher Development, a multinational General Contractor that specialized in high-volume commercial construction projects across North America and Europe. Prior to Fisher, he was a senior cost planner for AECOM, one of the world’s largest engineering and contracting firms.
“Too often we find that property owners desire the best efficiency improvements or even renewables, only to find that the budget won’t support the upfront costs,” said Mr. Demaray. “This typically results in many of these items being cut from the budget. PACE financing is a solution through which property owners can afford these improvements, while being rewarded with the life cycle cost savings realized over the useful life of these improvements. I am excited to be part of the CleanFund Team, helping to hone the industry’s best practices in financing energy improvements.”
Mr. Demaray has been a LEED Accredited Professional since 2007 and holds a General-B Contracting License.
About CleanFund Commercial PACE Capital, Inc.
CleanFund Commercial PACE Capital provides long-term financing for energy efficiency, water conservation, renewable energy, and seismic improvements to commercial properties. CleanFund’s PACEDirectTM flexible financing program enables property owners to install modern energy and water technology with no up-front cost, increasing property cash flows and value. CleanFund’s SolarPACE™ financing specifically addresses the demands of commercial property owners enabling immediate positive cash flow, with a financing term of up to 30 years. CleanFund provides capital using Property Assessed Clean Energy (“PACE”), a financing structure adopted in 32 states and the District of Columbia that allows property owners to repay investments for building upgrades and new construction via a new line item on their property tax bill. CleanFund is a direct capital provider focused exclusively on the commercial property sector. With significant expertise in commercial real estate, finance, energy, and PACE policy, CleanFund is uniquely capable of delivering capital efficiently across all jurisdictions in the U.S. with active PACE programs. For more information, please visit www.CleanFund.com.
