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PEAK GLOBAL CAPITAL
PEAK Impact
Energy Infrastructure Finance Assessment

Most developers finance 100% of infrastructure costs with private capital. PEAK Impact identifies the public bond financing and federal incentives already available for your project — typically 40 to 60% of infrastructure cost — before you write a single check.

Infrastructure Cost Offset

Typical offset through public bond financing and federal incentives

Project Equity Required

For a properly structured improvement district bond layer

To Complete

Time to complete your PEAK Impact assessment

THE SETUP
Most Developers Leave the Cheapest Capital on the Table

Private credit is pricing at SOFR + 450–800 bps. Construction loans are at 8–12% floating. Bridge debt is expensive, short-term, and getting harder to place. Meanwhile, developers continue building their entire capital stack on the most expensive instruments available — not because cheaper alternatives don't exist, but because no single advisor coordinates all layers simultaneously.

Improvement district bonds are pricing at 4.75–6.25% tax-exempt. Federal tax credits — ITC, LIHTC, §45L, §179D — have held at $0.88–$1.05 per credit dollar for two consecutive quarters. CPACE is fixed-rate, long-term, and non-recourse. These instruments exist. They are available. They are consistently the cheapest structured capital in the stack.

That is the gap PEAK Impact fills. Most developers never access these instruments — not because they don't qualify, but because no single advisor coordinates all four layers simultaneously.

What Most Developers Do

Senior construction loan → one layer → highest rate in the stack → 100% of infrastructure cost on the balance sheet

  • SOFR + 450–800 bps private credit
  • 8–12% floating construction debt
  • Full infrastructure exposure on balance sheet
  • No public capital accessed
What PEAK Impact Identifies

Tax credits first → district bonds second → CPACE third → private credit last → lowest blended cost of capital possible

  • Federal tax credits offset 40–60% of eligible scope
  • District bonds at 4.75–6.25% tax-exempt
  • CPACE fixed-rate, non-recourse, long-term
  • Private credit sized only on residual need
THE TOOL
A Three-Step Capital Stack Assessment

PEAK Impact screens your project across every eligible public finance instrument in three structured steps. The entire process takes less than five minutes and is reviewed personally by Jason Thompson within one business day. No consultant fees. No obligation.

1
Step 1 — Project Profile

State, city, project type, Opportunity Zone eligibility, total capital cost, and infrastructure scope as a percentage of total cost. Sets the bond vehicle and financing stack eligibility.

2
Step 2 — Energy Demand & Water Profile

Power load, PUE target, water constraints, energy systems of interest, offtake status, and target operational date. Drives hydrogen plant sizing, CPACE eligibility, and ITC adder qualification.

3
Step 3 — Ownership & Incentive Eligibility

Entity type, land ownership status, project location type, CPACE experience, IRA incentives modeled, and primary financing goal. Pre-screens IRA, CPACE, and federal program qualification before generating your stack.

ELIGIBLE INSTRUMENTS
Every Layer of Public Capital Available for Your Project

PEAK Impact screens four distinct public capital instruments — each independently underwritten, each independently stackable. The combination of all four layers consistently produces the lowest blended cost of capital achievable in today's market.

Improvement District Bonds

CFD bonds, TIF bonds, Special Assessment District bonds, and Municipal Improvement District financing. 4.75–6.25% tax-exempt. Infrastructure finances itself. No project equity required. The cheapest structured capital in the stack — and the most underused.

Federal Tax Credits

ITC (48E) with prevailing wage and domestic content adders, §45V Hydrogen Credit, PTC, LIHTC, NMTC, Historic Tax Credits, §45L residential energy credits, §179D commercial building deductions. Non-dilutive. Marketable. Offsets 40–60% of eligible project scope.

CPACE Financing

Commercial Property Assessed Clean Energy — fixed-rate, long-term, non-recourse. Energy improvements are among the cleanest CPACE use cases. Sits senior to equity without triggering conventional lender DSCR covenants in many structures.

Qualified Opportunity Fund Equity

Projects in or adjacent to federal Opportunity Zones unlock QOF equity — a significant non-dilutive capital layer that PEAK verifies by parcel address during the assessment. Meaningful upside for eligible sites.

ELIGIBLE PROJECTS
Is Your Project a Candidate?

PEAK Impact was built for infrastructure-intensive development where public capital could materially reduce the cost of the stack — but hasn't been structured in yet. If your project carries meaningful infrastructure cost, there is likely a public financing layer available before you write a single check of private equity.

  • Data centers — hyperscale, colocation, and mid-market
  • Mixed-use campuses — master-planned, transit-oriented, and urban infill
  • Port and logistics terminals — infrastructure-intensive, energy-dependent
  • Municipal transit and mobility infrastructure
  • Affordable and workforce housing — LIHTC and NMTC eligible uses
  • Industrial and logistics — tenant ESG requirements and behind-the-meter mandates
  • Hospitality and experiential — operating cost reduction through energy structures
  • Office-to-residential conversion — Historic Tax Credit and adaptive reuse eligible

"Five qualification windows close at groundbreaking. An estimated $30–82M in incentive value on a large project requires pre-construction compliance that cannot be applied retroactively. Timing is not optional."

IN PRACTICE
$350M Energy Scope. $0 Project Equity.

Client identity confidential. Structure described with permission.

PEAK is currently advising on the improvement district bond structure for a 1,100+ acre $1.6B mixed-use campus development in the Southwest United States. The project's $350M net zero energy infrastructure scope — solar, battery storage, geothermal, and district cooling — is being structured through an improvement district bond off-taker framework combined with a full federal incentive capture strategy.

$140–210M
Federal Incentive Capture

Estimated total across ITC, §45L, §179D, and grant programs

1.37x
Project NOI Coverage

Upside scenario — above bondable threshold

$480M
Bond Proceeds Structured

Across two jurisdictions at statutory maximum

$0
Project Equity Required

For the $350M energy infrastructure scope

THE PROCESS
After You Submit

PEAK Impact is not a form that disappears into a black box. Every submission is reviewed personally by Jason Thompson, with a written response delivered within one business day. No automated scoring. No black-box algorithm. Human review of every project.

Review — Within 1 Business Day

Jason Thompson reviews your assessment personally. If your project has eligible public capital instruments, we identify them immediately and quantify the potential impact on your capital stack. No handoffs. No junior analysts.

Capital Stack Assessment — Complimentary

A written summary of every eligible instrument identified — improvement district bonds, tax credits, CPACE, QOF equity, and public finance overlays — with estimated capital impact and sequencing recommendations. Delivered at no charge.

Engagement — If There's a Fit

If PEAK can add material value to your stack, we discuss an engagement structure. We are paid when deals close. No retainer required to find out if there's a fit. Our incentive is perfectly aligned with yours.

CAPITAL STACK LOGIC
How the Layers Sequence

The order in which public capital instruments are structured into a project determines whether they are additive or competing. PEAK Impact sequences each layer based on lien position, tax treatment, and lender consent requirements — producing the lowest blended cost of capital achievable for your specific project profile.

Most developers enter the stack at Layer 5 and work upward only when forced by a capital gap. PEAK Impact structures the stack from Layer 1 downward — ensuring the cheapest capital is committed first, reducing the total private credit requirement at every subsequent layer.

MARKET CONTEXT
The Rate Differential Is Historically Wide

The spread between private construction debt and tax-exempt improvement district bonds has widened to levels not seen in over a decade. Developers who access public capital now lock in a structural cost advantage that cannot be replicated after groundbreaking. The window to qualify for multiple incentive layers simultaneously closes at construction commencement.

Tax-exempt improvement district bonds consistently price 300–600 basis points below private construction debt. On a $350M infrastructure scope, a 400 bps differential represents $14M in annual interest savings — compounding across the full bond term.

GET STARTED
Launch Your PEAK Impact Assessment

Five minutes. No fee. No obligation. Confidential. Every submission is reviewed personally by Jason Thompson within one business day. If your project has eligible public capital, you will know before you commit a dollar of private equity to infrastructure.

Jason Thompson

Founder | PEAK Global Capital
jason@peakglobalcapital.com
peakglobalcapital.com

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