PACE financing is a game changer versus traditional financing options. PACE provides up to 20% LTV in addition to a mortgage (typically up to 80% LTV), effectively replacing equity investments with a loan from Petros PACE Finance.
| PACE Financing | Bank or Private Loan | Internal Funding | |
|---|---|---|---|
| Downpayment | 0% | Up to 20% of asset value | N/A |
| Finance Rate | Market Rates | Competitive | None |
| Term of Loan | 10-30 Years | 1-7 Years | N/A |
| Debt Capacity | Remains the Same | Reduced | Reduced |
| Upon Sale | Lien Tied to Property | Balloon | Paid Off |
| Approval Time | 15-30 Days | Up to One Year | N/A |
| Financing Fees | 0-3% | 1-2% | N/A |
| Recourse to Owner | None | Usually | N/A |
| Loan Acceleration | None | Yes | N/A |
| Min Investment | $500,000 | Varies | N/A |
| Max Investment | Up to 20% of TPV | Varies | N/A |
