R362-5-8. Underwriting

Related Notices
- No. 43419 (New Rule): Rule R362-5. Commercial Property Assessed Clean Energy (C-PACE) Administrative Rules
- No. 43419 (New Rule): Rule R362-5. Commercial Property Assessed Clean Energy (C-PACE) Administrative Rules

Latest version.

  (1) The third-party lender and property owner negotiate financing terms and conditions.

  (a) Third-party lenders establish their own financial underwriting standards and make their own determination about whether to invest in a project, on a per project basis.

  (b) Once the underwriting process is complete, the third-party lender may issue a conditional approval or financial commitment letter outlining the terms of the financing, including any conditions of closing.

                    
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