The Clean Energy Finance and Investment Authority (CEFIA), Connecticut’s green bank, and Clean Fund, a specialty Property Assessed Clean Energy (PACE) finance provider, today announced the securitization of a portfolio of CEFIA-financed Commercial Property Assessed Clean Energy transactions. The sale will fund a total portfolio of $30 million of commercial PACE benefit assessment liens financed through a conduit structure. The Public Finance Authority is the issuer of the bonds which have been purchased by Clean Fund and CEFIA. Read a full press release from CEFIA here.
For more on this story, read In a ‘Watershed’ Deal, Securitization Comes to Commercial Efficiency by Greentech Media's Nick Lombardi.
To read more about CEFIA, click here.