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Finance Vendor Details

Green Property Loan
Lender: River City Bank
Contact Information
Property Types
Program Description
Green Business Loans offers qualified multi-family property owners financing to complete energy projects and repay the loan via their PG&E utility bill. The loan is offered by River City Bank in collaboration with Marin Clean Energy.
Verified by Lender on: 9/27/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Secured
Financing & Payment Information
Term (years):
5
Minimum Amount:
$10,000
Maximum Amount:
$265,000
Fees:
None
Money Down Required:
No
Repayment Method:
On-bill repayment
Payment Frequency:
Monthly
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds other energy projects
Funds other energy-related projects
Funds other non-energy projects
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No

Financial Products

Lien type Loan with UCC-1 lien
Re-Payment Method On-bill repayment
Property Types
Automatic payment option available Yes
Requires utility incentive program participation Yes
Must use Program's pre-approved contractors No
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $10,000 - $265,000
Financing Term (yrs.) 5 year(s)
Rate 5 - 5%
Money Down Required? No
Credit Enhancement Available Yes - Lower APR
Transferrable No
Prepayment Penalty or Fee No
Tax Deductibility No
Minimum Credit Score Required
Equity in Property Required Yes
Debt to Income Ratio Required Yes
Involuntary Property Liens Allowed Yes
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement No
Must be current on property taxes Yes
Must be current on mortgage Yes
Loan to value
Debt Service Coverage Ratio Yes: 0
Financing Approval Time More than 48 hours
Projected Energy Savings/Cash Flow is considered No
Must be current on utility bill Yes

Upgrades Covered

No Results

FAQ's

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