Sample Terms
CityScape Capital Group, LLC (CCG) has partnered with approved PACE lenders and is dedicated to providing long-term, fixed rate financing for 100% of the upfront costs of energy efficiency, solar energy and water conservation improvements to commercial properties. Below is a summary of CCG's PACE lending terms and criteria.
PACE Financing Size
$500,000 - $25,000,000+
Term
10 - 30 Years based upon Useful Life of the Equipment
Rate
20-Yr Treas. + 380-420 BPS Fixed at Closing
Payment Schedule
Fully Amortized over Loan Term
Financing Fee
1% - 3%
Max Loan Size
25% of As-Complete FMV of Property
Max Leverage (including PACE)
95% of As-Complete FMV of Property
Recourse
Non-Recourse after Construction Completion
Security
Special Assessment on the Property
Mortgage Lender Consent
Required
Uses
New Construction, Retrofits, Rehabs
Geography
Active PACE Jurisdictions
Property Types
Commercial, Multi-Family, Industrial, Hospitality
CCG provides creative capital solutions for real estate and operating businesses. Please note that the terms provided herein shall not be deemed to create any legally binding or enforceable obligation on the part of CCG to provide any type of financing for any particular project. All loan terms are subject to CCG's underwriting standards and will be memorialized in a term sheet signed by CCG and a project borrower.