Secured
Finance Vendor Details
Bay Area Multifamily Capital Advance Program with Presidio Bank
Lender:
Presidio Bank
Contact Information
Website:
http://bayareamultifamily.org/programs
Phone: (925) 287-7892
Email: lzuffi@presidiobank.com
Phone: (925) 287-7892
Email: lzuffi@presidiobank.com
Property Types
Program Description
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. Presidio Bank is a pre-qualified lender for the BAMCAP program.
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.
Types of Financing
Financing & Payment Information
Term (years):
5 - 10
Minimum Amount:
$150,000
Maximum Amount:
$0
Fees:
None
Money Down Required:
Yes
Repayment Method:
Off-bill loan (Direct to Lender)
Payment Frequency:
Monthly
Pre-Payment Penalty:
Yes
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds other energy-related projects
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No
Financial Products
Lien type | Secured loan |
Re-Payment Method | Off-bill loan (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) | |
One-time fees (fixed) | |
Ongoing fees | |
Financing Amount | $150,000 + |
Financing Term (yrs.) | 5 - 10 year(s) |
Rate | Market Rate |
Money Down Required? | Yes |
Credit Enhancement Available | Yes - Lower APR |
Transferrable | No |
Prepayment Penalty or Fee | Yes |
Tax Deductibility | No |
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 | 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
FAQ's
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