Energy Efficient Equity (E3) Secures $150 million Credit Facility from Natixis
Energy Efficient Equity, Inc. (“E3”), a California-based specialty finance company, announced today that it has secured a $150 million asset-backed credit facility from Natixis. E3 is a leading originator of Property Assessed Clean Energy (PACE) assets, a financing tool that enables property owners to finance up to 100% of the cost of environmentally or socially responsible home improvements, including renewable energy, energy efficiency, and water efficiency.
Energy Efficient Equity, Inc., known as E3, is a growing specialty lender providing secured financing in the Property Assessed Clean Energy (PACE) for both residential and commercial properties. PACE refers to state-authorized programs operated at the city and county levels to finance permanent energy efficient property upgrades such as solar, HVAC, windows, and roofing via a voluntary property tax assessment. Founded in 2015, E3 has grown to become a leading player in the PACE space behind a seasoned management team with extensive specialty finance experience.