Location
Brattleboro
, VT
Project Overview
Lender:
National Housing Trust Community Development Fund
Lender Type:
CDFI
Property Ownership:
Non-profit
Deal Overview:
Energy efficient upgrades coinciding with total renovation and expansion of property, Commons Energy Public Purpose ESCO project
Improvements Covered:
Energy efficiency
Type of Project:
Acquisition/Rehab
Buildings:
1
Total Units:
35
Financing Details
Financing Type:
Construction/Rehab, Mini-Permanent/Permanent
Total Delivery Cost:
$5,320,000
Tax Equity:
$1,596,000
Loan 1 Amount:
$500,000
Loan 1 Term:
10
Loan 1 Repayment Source:
Utility Savings and rental income
Grants:
$4,820,000
Incentives/Rebates:
$0
Completion Status:
Completed
Underwriting Considerations
Expected Annual Income:
$30,000
Debt Service Coverage Ratio:
1.15
Percentage Projected Energy Savings Discounted for Use in Underwriting :
35%
