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Finance Vendor Details

Sustainable Energy Bond Program
Lender: California Statewide Communities Development Authority (CSCDA) and Foundati
Contact Information
Property Types
Program Description
Under the Sustainable Energy Bond Program, qualified public agencies, hospitals, schools and non-profits can finance energy projects through tax-exempt bonds issued by California Statewide Communities Development Authority (CSCDA). Through the program, public agencies contract with a pre-qualified Energy Service Company (ESCO) to complete energy and water conservation measures. The ESCO identifies potential energy projects, complete the projects and provide an energy savings guarantee which ensures that all project costs are fully paid with no upfront capital costs.
See Website Apply Here
Verified by Lender on: 9/22/2015
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Other
Financing & Payment Information
Term (years):
1 - 20
Minimum Amount:
$500,000
Maximum Amount:
$0
Fees:
None
Money Down Required:
No
Repayment Method:
Off-bill lease (Direct to Lender)
Payment Frequency:
Unknown
Pre-Payment Penalty:
No
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
Contractors
Must be program-approved
Financing Approval Time
More than 48 hours
Equity in Property Needed
No

Financial Products

Lien type Other
Re-Payment Method Off-bill lease (Direct to Lender)
Property Types
Automatic payment option available No
Requires utility incentive program participation No
Must use Program's pre-approved contractors Yes
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $500,000 +
Financing Term (yrs.) 1 - 20 year(s)
Rate 0.35 - 5.17%
Money Down Required? No
Credit Enhancement Available No
Transferrable No
Prepayment Penalty or Fee N.A.
Tax Deductibility No
Minimum Credit Score Required
Equity in Property Required No
Debt to Income Ratio Required Yes
Involuntary Property Liens Allowed No
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement No
Must be current on property taxes Doesn't pay taxes
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.