June 30, 2020

EnergyTrend: PACE Funding Group Completes Inaugural 144a Securitization and Achieves “Green Bond” designation

PACE Funding Group, LLC, a California-based specialty finance company, announced today that it completed a $ 107 million securitization of residential Property Assessed Clean Energy (PACE) assets. The financing supported property improvements for energy efficiency, renewable energy, water conservation, and hurricane resiliency measures. Kestrel Verifiers provided a Second Party Opinion to support the green bonds designation for the senior notes.