Bridge Loans for CA SOMAH
TBL Fund provides its low-cost energy financing solutions through collaboration with California’s Solar on Multifamily Affordable Housing (SOMAH) program*.
TBL Fund supports SOMAH participants by providing its Bridge Loan product. A Bridge Loan is a loan secured by expected rebates, incentives, and tax credits, i.e., those that can only be claimed upon project completion and verification. TBL Fund offers Bridge Loans to cover upfront capital costs, and further supports customers by providing technical and financial assistance throughout the project’s duration.
Why Choose a Bridge Loan from TBL Fund?
Multifamily affordable housing property owners can benefit from:
- Flexible financing options
- Help accessing all relevant grants and incentive programs
- Support from experts who can blend finance options that are unique to each project
Bridge Loan Terms:
- 6-36-month loan options
- Highly competitive pricing/rates
- Comprehensive technical and financial assistance
*The SOMAH Program provides financial incentives for installing solar systems and energy storage that benefit both low-income tenants and property owners throughout California.