Inland Green Capital LLC, in collaboration with PACE administrator, Samas Capital, provided a $492,052 PACE bond to facilitate the funding of solar panels on a 28,093 SF, two-story office building in Anaheim, California. The financing funded 100% of the costs of the transaction.
The PACE financing was provided up-front and will be funded as the construction/ installation progresses for the improvements. The loan will be repaid in the form of a special assessment on its tax bill over 10 years. The amount owed is secured by the property with no personal guarantees of any kind.
Samas Capital was able to coordinate the local contractors, while Inland Green Capital provided the necessary capital allowing the building to proceed with the energy efficiency enhancements.