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What is PACE Financing and Is It Doomed?

Construction Law Monitor

Well, PACE loans create a lien against properties similar to a tax lien, meaning that the lien has priority over all other debts (including mortgages). CA Sues FHFA Over Efficiency Program (environmentalleader.com). The value of these loans can be between $10,000 and $100,000, and sometimes more. Stay tuned.

Finance 48
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

Income 75