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Finance Product Details

CleanFund Commercial PACE Capital
Lender: CleanFund Commercial PACE Capital
Website: www.cleanfund.com
Email: info@cleanfund.com
Phone: (415) 256-8000
Product 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.
Miscellaneous Information
Multifamily properties with 5 or more units are eligible.

One time fees depend on the property and the amount financed.
See Website Apply Here
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.
Property Types
Sponsor:
CA Statewide Communities Development Authority
Financing Type
PACE
Financing & Payment Information
Rate (APR):
5.75% - 6.75%
Term (years):
20 - 30 years
Minimum Amount:
$100,000
Maximum Amount:
$25,000,000
Fees:
One-time 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 improvements may be financed.
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
Yes