For Lenders

Partner with Property Owners and Contractors

MinnPACE gives you the tools to guide borrowers efficiently, manage risk and close deals faster. We’re active in communities across the state, so your clients can take advantage no matter where they’re located.

Partner with MinnPACE: Simple, Secure, and Statewide PACE Financing for Lenders

Trusted, Experienced Administrator

As Minnesota’s statewide PACE administrator, MinnPACE brings deep expertise, transparent processes, and proven results.

Confidence from Start to Finish

We collaborate with you early to confirm project details and payment schedules—so what you expect is what you get.

Expand Your Market Reach

Tap into Minnesota’s growing demand for clean energy, efficiency, and resiliency upgrades.

Reliable Payments You Can Count On

PACE assessments are built into the property tax bill, ensuring secure, predictable payments delivered directly to you.

No Servicing Headaches

MinnPACE handles billing and remittance—freeing you from servicing and administrative burdens.

Flexible Program, Powerful Results

Offer borrowers up to 30% loan-to-value and terms up to 30 years. Fund energy, water, and resiliency improvements that boost property performance.

Key MinnPACE Guidelines for Lenders

If you’re working with a borrower considering MinnPACE financing, here’s what you need to know.

Program Basics

Loan Amount: Finance up to 30% of the property’s value (based on the property tax statement or appraisal — whichever is higher).
Term: Up to 30 years.
Energy Audit Requirement: Must show the project will save energy, reduce greenhouse gas emissions, save water, or improve resiliency. No savings-to-investment ratio (SIR) requirement.
Lender Acknowledgment: Required before closing.

Open Market Structure

Minnesota operates PACE financing in an open, competitive market — no formal application or approval process is needed to be a MinnPACE lender. We recommend connecting with us early to understand program details before your client applies.

How Repayments Work

The loan is billed through the property tax bill as a special assessment.
Payments are made twice a year — mid-May and mid-October.
The county calculates one annual payment and splits it into two equal installments.
County systems calculate the amortization on simple payment method, 365 days.
Any servicing fees should be built into the interest rate.
Payments are fixed for the term — no interest-only option.
Bills are updated once a year. If an assessment has been billed, it must be paid to the county.

MinnPACE Administrative Fees

Closing Fee: 1.5% (capped at $150,000).
Ongoing Fee: 0.10% annually on the beginning principal balance each year (waived for projects under $500,000).