Hospitality – Gut Rehab with Seismic Strengthening
25YR TERM FIXED RATE C-PACE FINANCING
INTEREST SAVINGS OVER 3 YEARS
ENERGY SAVINGS OVER THE LIFE OF THE PROJECT
Traditionally, property owners are faced with a series of challenges:
- Lowering operating costs for their investments in energy efficiency improvements.
- Only utilizing the operating budget to upgrade the property and preserving capital budget.
- The need to meet construction timetables
The HASRE Solution
- CounterpointeSRE Program C-PACE financing covering 100% of the costs of the improvements. C-PACE is not a loan, but a tax assessment placed on the property to be repaid annually.
- Low Annual Installment: Through capital with low cost and long term, the annual installment falls within operating budget and preserves capital for other acquisitions or capital expenditures.
- Quick and Easy Financing: Application received and disbursement wired in 39 days, even with November and December holidays within those 39 days. If the desired financing had been less than $1 million, then the project would have been faster as no financials or appraisal are required for the project that qualifies for CounterpointeSRE’s C-PACE 1 Program.
- Self-amortizing, non-recourse with no personal guarantees a 15 year fixed rate financing with no acceleration clauses or balloon payments
- Replaced aging HVAC equipment and energy inefficient lighting
- Estimated utility savings > annual installment
- Financing may qualify for off-balance sheet treatment