Alliance Holdings Has Made an Investment in a Portfolio of PACE Assets

October 4, 2018 |  Alliance has participated in a senior secured loan against a portfolio of Property Assessed Clean Energy ("PACE") assessments originated and owned by a leading residential PACE originator. The investment is in coordination with Lord Capital, LLC, an alternative asset manager and leader in PACE origination and financing.  PACE is a means of providing low-cost financing for energy efficiency upgrades in residential, commercial, or industrial properties. PACE programs help home and business owners pay for the upfront costs of green initiatives, such as solar panels, water conservation, and insulation. The property owner repays the PACE loan through an increase in property taxes by a set rate for an agreed upon term ranging from 5 to 25 years.  Alliance’s investment is secured by the risk retention portion of the securitized PACE assets, with a guarantee from the corporate originator.  "We are excited to invest in these types of structured asset investment opportunities to continue Alliance's portfolio diversification," said Kenneth Wanko, President and CEO of Alliance Holdings, "We believe this investment will provide stable and long-term cash flows with a compelling risk-return profile."