Loans and/or Leases can be a low-cost option to your energy improvement project financing needs. Since they are not secured by real estate collateral, they can be used by both property owners and tenants.
Other features include:
- Project ownership (and tax benefits) typically accrue to the obligor or lessee
- Direct borrower obligation
- Secured by a financed project (UCC filing)
- Require financial statement review
- Typical terms between 7 – 10 years
- Seasonal payment structures may be available