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PACE Financing (100% Off-Balance-Sheet Property Improvements)

Property Assessed Clean Energy loans — 20–30 year fixed, non-recourse, transfers with property on sale.

Overview

PACE (Property Assessed Clean Energy) financing funds 100% of energy-efficient / seismic / water improvements on commercial (and residential in some states) property. Repaid as a property tax assessment over 20–30 years. Non-recourse, no personal guarantee, transfers to next owner on sale. Available in CA, FL, TX, MI, OH, WI, MO + 30 others. Perfect for HVAC upgrades, solar, windows, roof, seismic on multifamily/commercial. Lender consent required on mortgaged properties.

Best fit
Commercial property ownersMultifamily operatorsOwners planning eventual sale
Estimated impact
100% financed at 5–7% fixed, off personal balance sheet

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