ARE YOU A COMMERCIAL OR MULTI-FAMILY BUILDING OWNER LOOKING TO, OR HAVE ALREADY MADE IMPROVEMENTS TO YOUR PROPERTY ?
We have a Financing Solution to Bring You More Liquidity Today!
We have access to long-term, fixed rate & low-cost capital to commercial property owners for water conservation, seismic & clean energy projects. This program can be used to retroactively finance energy-efficient construction that has already been completed.
The program brings owners access to a national initiative with renewable energy programs tailored to meet local market needs. Programs are approved by local government and passed by state legislature. Then the approved program carriers qualify the projects and provide the financing.
Types of properties that qualify include:
- Mixed use
CAN I GET MONEY BACK FROM PREVIOUS IMPROVEMENTS?
YES! Commercial property owners that completed an eligible project within the past three years may be able to retroactively finance their projects with the financing. Retroactive financing allows property owners to pull additional liquidity out of their asset with the program’s low-rate, long-term financing.
WHAT QUALIFIES AS AN IMPROVEMENT?
This financing may cover up to 30% of the overall building value property (not to exceed 95% CLTV) and can be used for hundreds of energy-efficient improvements, including: seismic retrofitting for commercial buildings or industrial properties located in earthquake-prone areas, installation of solar panels or boilers, energy-efficient roofing, LED lighting upgrades and much more.
HOW DO I MAKE PAYMENTS? Unlike other project financing, the borrowed capital is repaid over time via a voluntary tax assessment on the property. The security provided by the tax assessment, results in long term investments in building performance and transferability of the payment obligations to the next property owner when sold.