While the PACE program had the potential to be a viable lending alternative, the company does not generally hire, promote, or value people with strong credit lending backgrounds. The business model (using "certified" contractors to sell the product with little standard lending industry oversight such as requiring final building permits before paying the contractors) lends itself to abuse. Elders, minority populations, and people who could not obtain financing elsewhere were unfortunately targeted by contractors. This also resulted in projects not getting completed and many complaints from customers. Fortunately new consumer protection regulations have been enacted and will be implemented to address the abuses that were inherit in the PACE business model. For example, PACE lenders will now have to document repayment ability before putting loans on people's property taxes.
Pros
Free lunch and yoga once a week.
Cons
No 401K match, poor implementation of business model which resulted in government oversight, poor management.