building smarter financial solutions from the ground up
PACE (Property Assessed Clean Energy) is a financing tool that provides commercial real estate owners low-cost, long-term funding for energy efficient, renewable and seismic projects. When it comes to navigating the nuances of commercial real estate finance, PLG offers the support and guidance that no one else can. At PLG, we lend more than money. We lend expertise.
$500,000 to $150 million.
PLG will lend wherever PACE is eligible.
Generally 20-30 years, dependent upon state-specific term limits.
Generally not to exceed 30% of appraised value.
Fixed rate for the term of the loan. Loans quoted over the Treasury index and quoted on a deal-by-deal basis.
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.
Energy efficiency, renewables, energy storage, water conservation, seismic.
Mortgage lender consent prior to closing.
No lockout, defeasance or yield maintenance. PACE Loans are prepayable any time subject to a tiered prepayment fee.