PACE Funding Group Completes its Inaugural Securitization of Residential PACE in Collaboration with Natixis
PACE Funding Group LLC, a California-based specialty finance company, announced today that it has completed its first securitization of residential Property Assessed Clean Energy (PACE) assets. The $50 million “Green Bond” transaction was privately placed by Natixis Securities Americas, LLC and privately rated by Morningstar Credit Ratings, LLC.
PACE Funding Group provides financing to property owners to make their buildings more energy efficient or install clean energy systems through a structure called Property Assessed Clean Energy (PACE) which allows repayment to be made through the property tax bill. PACE can provide 100 percent of the hard and soft costs and allows building owners to use energy savings to cover the repayment.
Based in Los Gatos California, PACE Funding Group is one of the leading residential PACE financing providers. In California, PACE Funding Group works with California Statewide Communities Development Authority (CSCDA) and with Western Riverside Council of Governments (WRCOG). Outside of California, PACE Funding Group works with the Florida Development Finance Corporation (FDFC).
Press contacts
Sonia Dilouya
Press Relations, Natixis
+33 1 58 32 01 03
sonia.dilouya@natixis.com
press@communication.natixis.com
Vanessa Stephan
Press Relations, Natixis
+33 1 58 19 34 16
vanessa.stephan@natixis.com
press@communication.natixis.com
Daniel Wilson
Head of Press Relations and Social Media, Natixis
+33 1 58 19 10 40
daniel.wilson@natixis.com
press@communication.natixis.com