PACENow has published a Lender Support Handbook to assist property owners in obtaining consent from existing mortgage lenders to PACE financing for energy and water conservation improvements. Among other things, the Handbook provides information that will enable the lender to recognize the value proposition of a PACE-funded project.
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09/18/2013
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About PACE
- Property Assessed Clean Energy (PACE) is an innovative program that provides low-cost, long-term financing for energy efficiency and water conservation upgrades to existing commercial and industrial properties. PACE loans create new, economical opportunities for property owners to achieve significant reductions in operating costs by financing 100% of their investments in qualifying energy saving systems and equipment.
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Disclaimer
- This blog is for information purposes only. It is not intended to provide legal advice.
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