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Is Green Financing right for you?

In today’s commercial real estate environment, apartment owners are continuously looking for ways to differentiate their properties by being amenity-rich and sustainable. “Going green” is a noble undertaking from an environmental standpoint, and it’s also financially advantageous. The Fannie Mae DUS® Multifamily Green Financing Program describes an array of benefits for borrowers, including "preferential pricing and additional loan proceeds for energy and water efficiency retrofits."

 

Curious about which Green Financing Programs you qualify for?

Multifamily developers and owners are quickly discovering the significant cost savings with green financing. It’s not unusual to see increased cash flow through reduced energy and water usage from energy-producing additions such as solar panels. Green-built projects are also distinguishing structures in their neighborhoods, which often protect their long-term value.

HomeStreet Bank Commercial Real Estate offers reduced rates under the Fannie Mae Green Financing program to reward owners for thinking green. By making green enhancements, property owners improve a building’s operations and efficiencies and can qualify for an interest rate reduction.

Fannie Mae has two Green Financing Loans for multifamily owners – Green Building Certification and Green Rewards. These two programs encourage efficient and eco-friendly building, as well as incentivize owners of older buildings to make green improvements by offering reduced rates.

 

Green Building Certification 

To qualify for Green Building Certification, the new construction property must possess a Multifamily Green Building Certifications prior to rate lock from one of the following organizations:

See Form 4250 for a full list of certifications.

 

Green Rewards

To qualify for Green Rewards, the property owner of an existing older building must commit to improvements that are projected to reduce the property’s annual energy and/or water usage by at least 30%, of which a minimum of 15% must be attributable to projected savings in energy consumption. Fannie Mae provides a free energy and water audit to identify effective ways to make this reduction.

Examples of ways to minimize operating costs and earn pricing incentives include:

If you’re looking to increase your building’s long- term value and realize potentially significant savings in both the operations of your building and financing terms available, contact us. We’d be happy to provide you with more information about the Fannie Mae Green Financing Program, as well as other loan programs that best meet your investment needs. 

 

DUS® is a registered trademark of Fannie Mae. All loans subject to approval.

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