SAN DIEGO–(BUSINESS WIRE)–The commercial PACE experts at FIGTREE Energy Financing are achieving new PACE heights by issuing the largest multi-jurisdictional, non-subsidized PACE bond in the history of commercial Property Assessed Clean Energy in California. The $809,900 bond is financing seven energy efficiency and renewable energy improvements in Fresno and Palm Springs – and brings the total of FIGTREE-financed projects in California’s nascent PACE marketplace to over $1.5 million.
“Even in a category this new, not all PACE providers are created equal”
PACE (Property Assessed Clean Energy) is a new breed of financing that provides commercial property owners with up-front private-sector capital to realize the money-saving benefits of energy efficiency, renewable energy and water conservation upgrades based strictly on property values – usually 10% of an assessed property’s value. FIGTREE finances projects from as little as $5,000 into the millions of dollars. FIGTREE’s unique brand of financing is available for commercial, industrial, office, retail, agricultural and multi-family properties of five or more units.
PACE requires no money down, no minimum FICO score and provides for attractive off balance sheet financing that doesn’t impact a property owner’s credit score or capacity to borrow for other business needs. Simply stated, PACE puts the economic benefits of hundreds of solar, water and energy improvements within reach of most any property owner. Read full story.