Benefits of PACE for CRE Lenders:
- Assessment mechanism is well understood
- Increased NOI improves mortgage coverage
- Increased value of collateral outweighs lien exposure
- PACE can finance needed capital improvements with no additional debt
Presentation for Lenders:
PACENow has developed a sample presentation that could be used in discussions with lenders.
Click here to download a presentation in PDF format.
Lender Support Study:
PACENow is pleased to release the Lender Support Study, which surveyed national, regional and local mortgage lenders whose interests in buildings could be affected by PACE financings. PACE programs in Washington, D.C., Los Angeles, and San Francisco retained PACENow to develop and implement the survey, with grant support provided by the Urban Sustainability Directors Network.
Survey goals included gauging lenders’ awareness and understanding of PACE, educating them, addressing their concerns, and developing insights that will enhance efforts to gain their support for individual PACE projects.
Click here to download the study that summarizes the findings of interviews conducted with 35 individuals representing 25 different lending institutions.
Click here to download a presentation summarizing study findings in PDF.
Supporting Data: