Construction Law Monitor

SEPTEMBER 27, 2010

The concept is simple: cities loan money to property owners to install clean energy equipment. 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).

Finance 48

Finance Lien Green Louisiana 48

Buisness Facilities Contributed Content

MARCH 8, 2016

State Water Commission funds, not exceeding $20,000 per borrower, may be used to supplement Ag PACE funds for the purchase of irrigation equipment on new irrigated acreage. Loans may be used to finance the purchase or improvement of real property, equipment or personal property, or working capital needs. The guarantee fee is.5%

North Dakota 40

North Dakota Income Finance Equipment 40

Buisness Facilities Contributed Content

JULY 11, 2014

Loans may be used to finance the purchase or improvement of real property, equipment or personal property, or working capital needs. Proceeds can be used for working capital, equipment and real property or refinancing. Terms average 3-5 years for working capital, 5-7 years for equipment, and 12-20 years for real estate.

North Dakota 40

North Dakota Income Finance Equipment 40

Buisness Facilities Contributed Content

APRIL 15, 2014

Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g., Pollution control equipment.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

INDUSTRIAL REVENUE BONDS: May be used as long-term financing of up to 100 percent of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g., The program ends December 2016.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

MARCH 8, 2016

Borrowers must have at least a 10% equity interest in the project or business. EDF funds assist with construction, expansion and rehabilitation of facilities; acquisition of machinery and equipment; working capital; and the training of full-time permanent employees. 10% Borrower Equity. The maximum award is a $50,000 grant.

New York 40

New York Finance Products Commercial 40