Catalyst Term Loan

The Catalyst Term Loan supports energy improvement projects for low- and moderate-income multifamily properties and community based non-profit organizations, and loans are repaid from energy cost savings. This loan provides unsecured financing for new construction and renovation projects, including:

> Energy efficiency or renewable energy improvements,
> Performance monitoring and verification, and
> Health and safety remediation

 

Property Qualifications

Multifamily Properties

> Residential or mixed-use properties with 5 or more residential units
> Properties must serve low-to-moderate income (LMI) residents, which is defined as 60% of  households having incomes no higher than 80% of area median income (AMI).
> Properties with a higher percentage of higher income residents may be considered based on a region’s broader community development goals

Non-Profit Entities

> Proof of tax-exempt organization status

 

Financing Terms

Type: Affordable multifamily or non-profits, unsecured

Rate: Treasury rate + 350bps (subject to underwriting), with a floor at 6.25%.

Loan term: Up to 20 years

Origination fee:  3.00% upfront (may be rolled into loan)

 

Application and Documents

> Catalyst sell sheet

Application

Application documentation checklist

 

For more information contact us.