PACE Loan Terms and Repayment Structures

MinnPACE loans offer cost-effective rates—far below mezzanine debt—with repayment terms that can stretch up to 30 years, matching the useful life of your improvements. The loan is attached to the property, so it can transfer seamlessly upon sale, or pay it off early with minimal or no added fees. Specific rates are set by individual lenders, giving you flexibility while ensuring affordable, predictable payments.

Learn more about the lenders working with MinnPACE:

With MinnPACE, your loan is paid back right on your property tax bill—just twice a year. One of the biggest perks is a delayed first payment, with installments due May 15 and October 15. Just don’t miss those dates, and repayment stays simple and stress-free.

Payments are based on a simple amortization method, which means each payment is the same amount, with the mix of principal and interest changing over time.