Finance Product Details
M-Core Credit Municipal Lease
Lender: M-Core Credit Municipal Lease
Product 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.
Miscellaneous Information
Financing is also available for projects in schools or public housing developments.
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.
Property Types
Sponsor:
Financing Type
Lease
Financing & Payment Information
Rate (APR):
3% - 5.5%
Term (years):
1 - 7 years
Minimum Amount:
$50,000 +
Maximum Amount:
N/A
Fees:
One-time fees, Ongoing fees
Down Pmt. Required:
No
Re-pmt. Method:
Off-bill lease (Direct to Lender)
Pmt Frequency:
Monthly
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
Process equipment & any energy savings project related work may be financed.
Funds other energy-related projects
Any basic health & safety projects needed to complete the project (a cap on the amount applies) may be financed.
Funds other non-energy projects
Historic restoration, equipment modernization and non-energy related work and equipment may be financed.
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
Yes
Other Products By This Lender
Lender: M-Core Credit Corporation