Construction Debt Green Lien 
Green Building Law Update
SEPTEMBER 11, 2016
Baltimore is proposing to allow the PACE financing of any equipment, device or material intended to improve energy efficiency, including in new construction (e.g., providing opportunities to separately finance the top 20% of a construction project or.), Commercial PACE programs are still very new. Maryland is typical.
Construction Lawyer
MAY 21, 2009
Werner Sabo is a partner at the construction law firm of Sabo & Zahn in Chicago. He is a member various professional organizations, has been an officer and director of the Chicago Chapter AIA, President of the Chicago Chapter, Construction Specifications Institute, and writes a regular construction law column for The Construction Specifier.
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Construction Law Monitor
SEPTEMBER 27, 2010
Started in the green revolution’s holy land, Berkley, California, PACE financing is shorthand for Property-Assessed Clean Energy Financing ( Wikipedia entry ). 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).
Green Building Law Update
JUNE 25, 2017
In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required.
Green Building Law Update
JANUARY 24, 2016
In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.
Building Information Management
JULY 27, 2016
Standardizing the presentation of renovation, repair, maintenance, and new construction tasks and costs improves communication and collaboration among all parties, as well as helps to assure financial transparency/. Facility Construction Subgroup: Divisions 02 – 19. Preliminary Construction Schedule. There are 49 Divisions.
Building Information Management
JULY 27, 2016
Standardizing the presentation of renovation, repair, maintenance, and new construction tasks and costs improves communication and collaboration among all parties, as well as helps to assure financial transparency. . Facility Construction Subgroup: Divisions 02 – 19. Preliminary Construction Schedule. There are 49 Divisions.
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