Loan Guidelines
Amount | $1M – $100M |
Rate | Fixed starting at 7.00% |
Amortization | Up to 30 years |
Purpose | Create liquidity for eligible projects. PACE offers long term, fixed rate, non-recourse financing |
Loan To Value | Up to 30% |
Loan To Cost | Up to 35% |
Loan Term | Up to 30 years (no payments for the first 2 years) |
Loan Fee | 1% |
Guarantees | Non-recourse and flexible prepyament |