Monthly Archives: April 2013

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FOR IMMEDIATE RELEASE

CONTACT: Ryan Ahearn, Figtree Financing
rahearn@figtreefinancing.com
Direct : (858) 771-0896

 City of Commerce First to Bring FIGTREE’s Proven Energy Financing Options to Contractors and Property Owners in Los Angeles County; Aim Is to Help the Region Realize Its Potential as One of America’s Top PACE Marketplaces

Newly-elected Mayor Joe Aguilar and the Commerce City Council are providing businesses and property owners with an effective new tool to slash rising energy costs, improve property values, reap rich tax incentives and put local contractors back to work using no public monies.  They’re the first in Los Angeles County to introduce the market-proven PACE model of FIGTREE Energy Financing to the region.

PACE (Property Assessed Clean Energy) is a municipal economic development tool that qualifies commercial property owners for 100% up-front financing for money-saving energy efficiency, renewable energy and water conservation improvements based strictly on assessed property values.

FIGTREE’s unique brand of PACE financing is available for commercial, industrial and multi-family properties of five or more units.  Most properties qualify for financing that amounts to 10% of an assessed property’s value; sometimes more. FIGTREE finances projects from as little as $5,000 into the millions of dollars.

“We are constantly seeking innovative ways to help the City of Commerce’s business community,” said Mayor Joe Aguilar.  “PACE puts the economic benefits of energy and water efficiency improvements within reach of most any commercial property owner, while providing rich tax incentives, improving the city’s building stock, creating local jobs and ensuring a more sustainable community,” Aguilar continued.  “This is a pro-business financing tool that brings a compelling complement of economic and environmental benefits to our community without the use of public funds.”