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Finance Vendor Details

Los Angeles County Commercial PACE
Lender: Varies
Contact Information
Website: www.lapace.org
 Phone: (877) 785-2237
Email: dleung@lapace.org
Property Types
Program Description
Los Angeles County's Commercial Property Assessed Clean Energy (PACE) financing program allows commercial property owners to finance up to 100% of the cost of installing energy efficiency, water-saving or renewable energy 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. It is offered by the County of Los Angeles.
See Website Apply Here
Verified by Lender on: 11/1/2016
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):
5
Minimum Amount:
$250,000
Maximum Amount:
$0
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
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)
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 $250,000 +
Financing Term (yrs.) 5 year(s)
Rate Market Rate
Money Down Required? No
Credit Enhancement Available
Transferrable Yes
Prepayment Penalty or Fee Yes
Tax Deductibility Yes
Minimum Credit Score Required
Equity in Property Required Yes
Debt to Income Ratio Required No
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 Yes
Must be current on utility bill No

Upgrades Covered

No Results

FAQ's

Where can I find contractor to help me complete recommended projects?

Through our Contractor Marketplace, you can search for contractors and find the right fit for your project. You find out details about the contractor such as what types of certifications they have and where they are located. You can also directly find reviews when available. From there it is easy to connect and get started with your projects. A quality installation of equipment increases the benefits and efficiency of your new equipment.