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Finance Product Details

Figtree PACE Financing
Lender: Figtree PACE Financing
Website: www.figtreefinancing.com
Email: info@figtreefinancing.com
Phone: (877) 577-7373
Product Description
FigTree PACE Financing offers commercial property owners in participating communities Property Assessed Clean Energy (PACE) financing for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. FigTree PACE Financing is a public/private financing program between FigTree Financing, California Enterprise Development Authority and your city or county.
Miscellaneous Information
To access a list of FigTree PACE Registered Contractors, visit http://www.figtreefinancing.com/resources-contractors/
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Verified by Lender on: 6/3/2016 0
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
California Enterprise Development Authority
Financing Type
PACE
Financing & Payment Information
Rate (APR):
5% - 6.99%
Term (years):
5, 10, 15, 20 years
Minimum Amount:
$5,000
Maximum Amount:
20 % of property value
Fees:
One-time fees, Ongoing fees
Down Pmt. Required:
No
Re-pmt. Method:
Property Taxes (PACE)
Pmt Frequency:
Annual
Pre-pmt Penalty:
Yes
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Electric vehicle charging stations, energy storage and process equipment.
Funds other energy-related projects
PACE can finance all costs related to the development of the project. This can include program fees, audit costs, engineering,
Funds other non-energy projects
Seismic retrofits allowed for multi-fmaily properties with 3 or more units.
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
More than 48 hours
Equity in Property Needed
Yes

Other Variations of this product

Figtree PACE Financing

Property Types
Sponsor California Enterprise Development Authority
Financing Type Property Assessment
Term (years) 5,  10,  15,  20,  25 year(s)
Rate (APR) 6% - 8.99%
Min. Amount $2,500
Max. Amount 10 % of property value
One-time Fees 4.5 % - 5.5 %
Ongoing Fees $35
Description FigTree PACE Financing offers homeowners in participating communities Property Assessed Clean Energy (PACE) financing for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 25 years. FigTree PACE Financing is a public/private financing program with FigTree Financing, California Enterprise Development Authority and your city or county.