2014 Debt Lien 
Green Building Law Update
JUNE 25, 2017
But today, despite Maryland having enacted a PACE enabling law in 2014, only one PACE loan has closed in the State. Reduce cost of a PACE loan by eliminating the requirement that a PACE lien notice be recorded among the land records. In 2008 I said Property Assessed Clean Energy (PACE) loans “ could be bigger than anything in U.S.
Green Building Law Update
JULY 24, 2016
The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.
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Green Building Law Update
JANUARY 24, 2016
In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.
Green Building Law Update
SEPTEMBER 11, 2016
In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent to a PACE loan is required. Maryland is typical.
Buisness Facilities Contributed Content
APRIL 15, 2014
ALABAMA - updated for 2014. ALASKA – updated for 2014. As part of the More Alaska Production Act passed in 2013, for the North Slope only, this credit will increase to 45% on January 1, 2014, and the credit will change to 35% beginning January 1, 2016. ARIZONA – updated for 2014. TAX INCENTIVES.
Buisness Facilities Contributed Content
MARCH 8, 2016
New Venture Capital Fund: The New Venture Capital Program is an innovative financial program that provides flexible financing through debt and equity investments for new or expanding businesses in the state of North Dakota. The term of the loan will vary depending on the loan purpose with a maximum of 15 years.
Buisness Facilities Contributed Content
JULY 11, 2014
New Venture Capital Fund: The New Venture Capital Program is an innovative financial program that provides flexible financing through debt and equity investments for new or expanding businesses in the state of North Dakota. The term of the loan will vary depending on the loan purpose with a maximum of 15 years.
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