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Finance Vendor Details

CleanFund Commercial PACE Capital
Lender: CleanFund
Contact Information
Website: www.cleanfund.com
Phone: (415) 256-8000
Email: info@cleanfund.com
Property Types
Program Description
CleanFund Commercial PACE offers commercial property owners in participating communities 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 20-30 years. CleanFund Commercial PACE is a public/private financing program with CA Statewide Communities Development Authority, CleanFund and your city or county.
Verified by Lender on: 6/30/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
PACE
Financing & Payment Information
Term (years):
20 - 30
Minimum Amount:
$100,000
Maximum Amount:
$25,000,000
Fees:
None
Money Down Required:
No
Repayment Method:
Property Taxes (PACE)
Payment Frequency:
Annual
Pre-Payment Penalty:
Yes
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
No

Financial Products

Lien type Property Assessment
Re-Payment Method Property Taxes (PACE)
Property Types
Automatic payment option available N.A.
Requires utility incentive program participation No
Must use Program's pre-approved contractors No
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $100,000 - $25,000,000
Financing Term (yrs.) 20 - 30 year(s)
Rate 5.75 - 6.75%
Money Down Required? No
Credit Enhancement Available No
Transferrable Yes
Prepayment Penalty or Fee Yes
Tax Deductibility Yes
Minimum Credit Score Required
Equity in Property Required Yes
Debt to Income Ratio Required Yes
Involuntary Property Liens Allowed No
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement Yes
Must be current on property taxes Yes
Must be current on mortgage Yes
Loan to value
Debt Service Coverage Ratio No
Financing Approval Time More than 48 hours
Projected Energy Savings/Cash Flow is considered No
Must be current on utility bill No

Upgrades Covered

No Results

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