The Challenge

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.

The Result

• 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