Structured Finance is honored to have been selected to provide commercial PACE loans on properties that require at least 125 kW of solar and/or at least 50,000 square feet in size. The assets that can be financed include solar, fuel cells and various types of energy efficiency. The following outlines the basic terms and conditions of the program: Term: Up to 20 years (solar); 15 years (fuel cell); shorter term for energy efficiency assets Rate: Fixed for the term, payable semi-annually (April and December) and amortized over the term (level payment) LTV: Total leverage, including existing first mortgage, shall not exceed 80% of current assessed value or appraised value DSC: 1.25x Further information: L. Jean Dunn, Jr.
Structured Finance Associates
Office: (760) 304-4371
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