Renew Financial gets $300 million facility to expand PACE financing

By Sarah Lizee

Olympia, Wash., Aug. 3 – Renew Financial LLC closed on a $300 million revolving credit facility with Morgan Stanley Bank, NA and Barclays Bank plc, according to a press release.

Renew Financial will use the credit facility to provide financing through Property Assessed Clean Energy (PACE) programs in Florida and California. The program allows property owners to finance energy efficiency, renewable energy and water efficiency projects through their property taxes.

The Oakland, Calif.-based company provides home improvement financing.

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