$250,000 to $150 million
Geography: Livvy Corp will lend wherever PACE is eligible.
Terms: Generally 20-30 years, dependent upon state-specific term limits.
Max LTV: Generally not to exceed 30% of appraised value.
Pricing: Fixed rate for the term of the loan. Loans quoted over the Treasury index and quoted on a deal-by-deal basis.
Property Types: Traditional: office, industrial, retail, hospitality, multifamily, and manufacturing. Specialty Use: Senior living, Mobile Home Communities, Parking, Agriculture, Theaters (stage and film), Data Centers, Auto Dealerships, Educational and more.
Eligible Improvements: Energy efficiency, renewables, energy storage, water conservation, seismic.
Lender Consent: Mortgage lender consent prior to closing.
Prepayment: No lockout, defeasance or yield maintenance. PACE Loans are prepayable any time subject to a tiered prepayment fee.