Why would my existing lender agree to subordinate to a PACE Loan?
The answer is simple: The property receives the benefit of 100% of the improvements while only the annual assessment payments due are ahead of the existing lender's position.
Improved cash flow, property value, an improved tenant profile and a lower cap rate all go into making an existing lender want to support a property owner's efforts to improve their collateral value.
Please see a list of Consenting Lenders for more information.