Funding Process
1
Get your project ready for financing
-
Use Helios to prepare preliminary analysis
- Use disclosure data already in Helios, or
- Upload your data from Energy Star Portfolio Manager, or
- Enter data directly into your property on Helios
- For PACE, you will need an ASHRAE Level II audit or equivalent
- For other financing, you may need an Investment Grade Audit
2
Complete the online initial credit screen
-
Questions about the property
- When acquired, current value, approximate project cost, property use, occupancy, amount of mortgages, etc.
-
Questions about the property owner
- Owner and manager names and contact information, owner’s financial condition, etc.
-
Questions about the financial performance of the property
- Net operating income, debt service payments, cash flow, etc.
3
Complete the full credit process and proceed to construction
- Submission of additional documentation
- Most recent appraisal, financial statements, leases, mortgage documents, etc.
- Lender provides conditional approval
- Documents are negotiated and completed
- Funding of project
- Project completion