Lease
Finance Vendor Details
M-Core Credit Municipal Lease
Lender:
M-Core Credit Corporation
Contact Information
Property Types
Program Description
M-Core Credit's Municipal Lease financing helps public agencies preserve their capital while still upgrading their facilities. The lease offers a locked-in fixed rate with no bond referendum required.
Verified by Lender on: 9/1/2016 0
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Financing & Payment Information
Term (years):
1 - 7
Minimum Amount:
$50,000
Maximum Amount:
$0
Fees:
Yes
Money Down Required:
No
Repayment Method:
Off-bill lease (Direct to Lender)
Payment Frequency:
Monthly
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
Funds other non-energy projects
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No
Financial Products
Lien type | Lease |
Re-Payment Method | Off-bill lease (Direct to Lender) |
Property Types | |
Automatic payment option available | Yes |
Requires utility incentive program participation | No |
Must use Program's pre-approved contractors | No |
One-time fees (% of total financing) | 0 |
One-time fees (fixed) | No |
Ongoing fees | 0 |
Financing Amount | $50,000 + |
Financing Term (yrs.) | 1 - 7 year(s) |
Rate | 3 - 5.5% |
Money Down Required? | No |
Credit Enhancement Available | No |
Transferrable | No |
Prepayment Penalty or Fee | Yes |
Tax Deductibility | No |
Minimum Credit Score Required | No |
Equity in Property Required | Yes |
Debt to Income Ratio Required | Yes |
Involuntary Property Liens Allowed | No |
Foreclosures Allowed | Yes: No |
Bankruptcies Allowed | Yes: No |
Mortgage Lender Consent/ Acknowledgement | No |
Must be current on property taxes | Doesn't pay taxes |
Must be current on mortgage | Yes |
Loan to value | Yes: 0% |
Debt Service Coverage Ratio | Yes: 0 |
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
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