Submitted by Jack Ulrich on Wed, 02/27/2019 - 14:17
FAQ Title Label
Can a borrower obtain both PACE and REEL financing at the same time?
FAQ Property Type
FAQ category

Yes. If a borrower currently has a PACE loan and would like to do additional energy efficiency projects, they also can apply for a REEL loan, or vice versa. However, the lender is likely to look at the borrower’s total debt-to-income ratio when deciding on approval and both loans cannot finance the same project.