Finance Product Details
Bay Area Multifamily Capital Advance Program with California Community Reinvestment Corporation
Lender: Bay Area Multifamily Capital Advance Program with California Community Reinvestment Corporation
The Bay Area Multifamily Capital Advance Program (BAMCAP) offers assistance to bring down a lender's interest rate when financing energy projects. BAMCAP provides loan capital at 0% interest to the lender, which means that the property owner realizes a blended interest rate. California Community Reinvestment Corporation is a pre-qualified lender for the BAMCAP program.
The program's share of the financing is limited to no more than 50% of the cost of the approved scope of work minus any program incentives, and it caps at $500,000.
Verified by Lender on: 9/6/2016 0
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Bay Area Regional Energy Network
Financing & Payment Information
3, 5, 7, 10, 15 years
Down Pmt. Required:
Off-bill loan (Direct to Lender)
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds other energy-related projects
Alterations necessary to address basic health & safety needed to complete the project (a cap on the amount applies).
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed