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Finance Product Details

Los Angeles County Commercial PACE
Lender: Los Angeles County Commercial PACE
Website: www.lapace.org
Email: dleung@lapace.org
Phone: (877) 785-2237
Product 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.
Miscellaneous Information
Interest rate and fees are dependent on the lender chosen by the applicant.
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.
Property Types
Sponsor:
Los Angeles County
Financing Type
PACE
Financing & Payment Information
Rate (APR):
Market Rate
Term (years):
5, 10, 15, 20 years
Minimum Amount:
$250,000 +
Maximum Amount:
N/A
Fees:
One-time fees, Ongoing 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,
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
Yes

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