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Finance Vendor Details

M-Core Credit Municipal Lease
Lender: M-Core Credit Corporation
Contact Information
Phone: (845) 369-8777
Property Types
Program Description
M-Core Credit's Municipal Lease financing helps public agencies preserve their capital while still upgrading their facilities. The lease offers a locked-in fixed rate with no bond referendum required.
Verified by Lender on: 9/1/2016 0
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Financing & Payment Information
Term (years):
1 - 7
Minimum Amount:
Maximum Amount:
Money Down Required:
Repayment Method:
Off-bill lease (Direct to Lender)
Payment Frequency:
Pre-Payment Penalty:
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response 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

Financial Products

Lien type Lease
Re-Payment Method Off-bill lease (Direct to Lender)
Property Types
Automatic payment option available Yes
Requires utility incentive program participation No
Must use Program's pre-approved contractors No
One-time fees (% of total financing) 0
One-time fees (fixed) No
Ongoing fees 0
Financing Amount $50,000 +
Financing Term (yrs.) 1 - 7 year(s)
Rate 3 - 5.5%
Money Down Required? No
Credit Enhancement Available No
Transferrable No
Prepayment Penalty or Fee Yes
Tax Deductibility No
Minimum Credit Score Required No
Equity in Property Required Yes
Debt to Income Ratio Required Yes
Involuntary Property Liens Allowed No
Foreclosures Allowed Yes: No
Bankruptcies Allowed Yes: No
Mortgage Lender Consent/ Acknowledgement No
Must be current on property taxes Doesn't pay taxes
Must be current on mortgage Yes
Loan to value Yes: 0%
Debt Service Coverage Ratio Yes: 0
Financing Approval Time More than 48 hours
Projected Energy Savings/Cash Flow is considered Yes
Must be current on utility bill No

Upgrades Covered

No Results


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