Nonprofits and small businesses domiciled in New Mexico and primarily serving New Mexico residents

Projects which reduce or abate emissions including but not limited to energy and water efficiency, clean energy, and electrification

Financial assistance will be in the form of a loan, and can be structured as a traditional bridge loan, construction or permanent loan, or as a C-PACE loan

Up to $250,000

6 months – 15 years, depending on the work and the structure of the loan

Below market, fixed or variable depending on term of the loan

Senior or subordinate with some guarantee, depending on the size of the loan and underwriting results

Nonprofits and small businesses domiciled in New Mexico and primarily serving New Mexico residents

Projects which reduce or abate emissions including but not limited to energy and water efficiency, clean energy, and electrification

Financial assistance will be in the form of a loan, and can be structured as a traditional bridge loan, construction or permanent loan, or as a C-PACE loan

Up to $250,000

6 months – 15 years, depending on the work and the structure of the loan

Below market, fixed or variable depending on term of the loan

Senior or subordinate with some guarantee, depending on the size of the loan and underwriting results

For Profit, or Non-Profit project or property owner

Community Solar, Energy Efficiency upgrades for Multifamily Affordable Housing or small commercial and industrial, water conservation or purification, regenerative agriculture, or any other sustainable project that has a positive impact on climate change. Priority is given to projects within low-income and disadvantaged or tribal communities.

Flexible, Below Market Rate

$50,000 – $2,500,000

6 months – 18 months

SOFR + 100 – 400 bps. Fixed Rate

Real estate, other assets

For Profit, or Non-Profit project or property owner

Community Solar, Energy Efficiency upgrades for Multifamily Affordable Housing or small commercial and industrial, water conservation or purification, regenerative agriculture, or any other sustainable project that has a positive impact on climate change. Priority is given to projects within low-income and disadvantaged or tribal communities.

Commercial Term Loan – Construction

$50,000 – $2,500,000

6 months – 3 years

SOFR + 100 – 400 bps. Fixed Rate

UCC-1 and/or subordinated lien on land, as-completed property

For Profit, or Non-Profit project or property owner

Community Solar, Energy Efficiency upgrades for Multifamily Affordable Housing or small commercial and industrial, water conservation or purification, regenerative agriculture, or any other sustainable project that has a positive impact on climate change. Priority is given to projects within low-income and disadvantaged or tribal communities.

Commercial Term Loan – Permanent

$50,000 – $2,500,000

2 years – 15 years

SOFR + 100 – 400 bps. Fixed Rate

UCC-1 and/or subordinated lien on asset being financed

For Profit, or Non-Profit project or property owner

Community Solar, Energy Efficiency upgrades for Multifamily Affordable Housing or small commercial and industrial, water conservation or purification, regenerative agriculture, or any other sustainable project that has a positive impact on climate change. Priority is given to projects within low-income and disadvantaged or tribal communities.

Improvements that result in reduced utility costs and leads to reduced greenhouse gas emmissions, increased electrification, or electrification readiness, and/or increase in renewable energy generation: Air sealing and insulation, window and door modification to reduce energy consumption, Heating, ventilation, and/or cooling ditsribution systems, replacement or modification of lighting fixtures and controls, electric vehicle infrastructure, Electric heat pumps, and heat pump water heaters, Photovoltaic solar, battery storage.

Commercial Term Loan – Construction

$50,000 – $2,500,000

10 years – 30 years

SOFR + 100 – 400 bps. Fixed Rate

Property assessment lien