PACEWELL 8 is a Delaware limited liability company and special purpose vehicle (SPV) created to issue $256.58 million in private placement term notes series 2023-1 (class A and B), secured by a portfolio of commercial property assessed clean energy (C-PACE) assets in 15 states plus Washington, D.C. C-PACE programs provide low-cost financing of a variety of energy efficient, renewable energy, water conservation, and storm protection measures for commercial property owners. The owners repay the financing via a special tax or an annual or semiannual assessment on the property’s tax bill.