Benefits:
- No barrier to upfront funding for projects.
- Improvement in Net Operating Income (NOI).
- Increased property value.
- Hedge against increasing utility costs.
- Up to 20 years financing depending on useful life of product.
- Acquire environmentally efficient building certifications
Qualifications:
- Must be current on property taxes.
- Current on all property debt for past 6 months.
- No bankruptcy proceedings for past 7 years.
- Proposed improvements must not exceed 10% of property value.
- Existing debt plus new HERO Financing cannot exceed 90% of the property value.
- Senior Mortgage debt lender acknowledges placement of the assessment. Samas Capital will assist in the process of obtaining acknowledgement.
Application Process:
- Call Toll Free 855.228.8224
- Speak with dedicated Client Support Specialist
- Walk through application process
- Instructions for submitting Energy Project Proposal
- Provide ongoing support all the way to funding
- Submit Project Plan
- Submit Lenders Acknowledgment
- Sign Financing Documentation
- Contractor Installs Project
- Financing is remitted for the project
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Documentation
