Finance Product Details
SAMAS PACE Capital
Lender: SAMAS PACE Capital
Product Description
Samas PACE Capital offers Property Assessed Clean Energy (PACE) financing to commercial property owners 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 up to 20 years. Samas PACE Capital is a public/private financing program with Renovate America, Western Riverside Councils of Government (WRCOG) and your city or county.
Miscellaneous Information
Multifamily properties with 4 or more units are eligible.
Any CSLB-licensed contractor may apply to be an approved contractor. To access a list of Registered Contractors, visit http://samas-pace.com/registeredcontractor.aspx
Any CSLB-licensed contractor may apply to be an approved contractor. To access a list of Registered Contractors, visit http://samas-pace.com/registeredcontractor.aspx
Verified by Lender on: 11/23/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
Western Riverside Councils of Government (WRCOG)
Financing Type
PACE
Financing & Payment Information
Rate (APR):
5.75% - 6.5%
Term (years):
5, 10, 15, 20 years
Minimum Amount:
$30,000
Maximum Amount:
20 % of property value
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
Contractors
Must be program-approved
Financing Approval Time
More than 48 hours
Equity in Property Needed
Yes
Other Variations of this product
SAMAS PACE Capital
| Property Types | |
| Sponsor | San Bernardino Associated Governments (SANBAG) |
| Financing Type | Property Assessment |
| Term (years) | 5, 10, 15, 20 year(s) |
| Rate (APR) | 5.75% - 6.5% |
| Min. Amount | $30,000 |
| Max. Amount | 20 % of property value |
| One-time Fees | 6.75% of total financing & $95 |
| Ongoing Fees | $430 |
| Description | Samas PACE Capital offers Property Assessed Clean Energy (PACE) financing to commercial property owners 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 up to 20 years. Samas PACE Capital is a public/private financing program with Samas Capital, San Bernardino Associated Governments (SANBAG) and your city or county. |
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Lender: Samas Capital