PACE Financing

Property Assessed Clean Energy (PACE) is a financing mechanism that provides real estate owners low-cost, long-term funding for energy efficient and renewable energy projects. Livvy Corp will lend wherever PACE is eligible.

Lending Guidelines

$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.

  • Amortization: Self-amortizing.

  • 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.

  • Recourse: Non-recourse.

  • Prepayment: No lockout, defeasance or yield maintenance. PACE Loans are prepayable any time subject to a tiered prepayment fee.

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