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: IPC Blended Cost of Funds + 350bps.
Loan term: Up to 20 years
Origination fee: 3.00% upfront (may be rolled into loan)
Application and Documents
> Application documentation checklist
For more information contact us.