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PACEFunding

PACEFunding
Lender: PACE Funding Group, LLC
Contact Information
Website: www.pacefunding.com
Phone: (844) USE-PACE
Email: info@pacefunding.com
Property Types
Program Description
PremierOne Credit Union's Go Green Equity Loan offers secured financing to home owners for the installation of a variety of green projects. Up to $250,000 in financing is available with terms up to 25 years.
Types of Financing
Secured
Financing & Payment Information
Term (years):
1
Minimum Amount:
$5,000
Maximum Amount:
$250,000
Fees:
None
Money Down Required:
No
Repayment Method:
Off-bill loan (Direct to Lender)
Payment Frequency:
Monthly
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds other energy projects - For example, some financing may be primarily for energy efficiency projects; however, it may allow 30% of the financing to fund other water efficiency or renewable projects.
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No

Financial Products

Lien type Secured loan
Re-Payment Method Off-bill loan (Direct to Lender)
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)
One-time fees (fixed)
Ongoing fees
Financing Amount $5,000 - $250,000
Financing Term (yrs.) 1 year(s)
Rate 0%
Money Down Required?
Credit Enhancement Available
Transferrable No
Prepayment Penalty or Fee
Tax Deductibility Yes
Minimum Credit Score Required
Equity in Property Required Yes
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 No
Must be current on mortgage Yes
Loan to value
Debt Service Coverage Ratio
Financing Approval Time More than 48 hours
Projected Energy Savings/Cash Flow is considered No
Must be current on utility bill No

Upgrades Covered

No Results

FAQ's

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.