12/9/2022: Episode 62 - How Owners Can Use CPACE Financing to Comply with Local Law 97 featuring YuhTyng Patka and Matt Swerdlow

Coffee & Cap Rates

Shimon Shkury, Founder and President of Ariel Property Advisors, and his guests YuhTyng (Tyng) Patka, a Partner with Duval & Stachenfeld LLP, and Matt Swerdlow, Senior Director, Capital Services at Ariel, discuss how New York City building owners can use commercial property assessed clean energy (CPACE) financing to comply with Local Law 97. Tyng is chair of Duval & Stachenfeld’s NYC Real Estate Tax and Incentives Practice Group and Co-Chairs the firm’s NYC Climate Mobilization Task Force where she has become New York City’s leading legal expert on Local Law 97 of 2019 (“LL97”) and PACE financing’s impact on the New York City real estate industry. Tyng has been invited to speak on numerous panels and authored many articles on LL97 and PACE. Tyng is sought after by New York City’s owners and lenders to advise on how LL97 will impact their real estate portfolios and how to protect against LL97’s financial impact. Tyng regularly advises on LL97 matters relating to due diligence, leasing provisions and financing. Tyng’s practice also includes counseling owners, developers, senior lenders, and PACE lenders on fitting PACE financing into the capital stack and PACE’s interconnection with property taxes.