Hartford Office
75 Charter Oak Avenue
Suite 1-103
Hartford, CT 06106
Stamford Office
700 Canal Street
5th Floor
Stamford, CT 06902
© 2023 CT Green Bank. All Rights Reserved.
lime
Upgrade your multifamily
properties with LIME
Loans Improving Multifamily Efficiency (LIME) financing can help your multifamily property make energy improvements a reality. Connecticut Green Bank has partnered with Capital For Change (C4C) to provide financing for multifamily building owners seeking to improve the energy performance, economics, and health and safety of their properties. Loans are generally able to be repaid based on new cash flow created from the estimated cost savings for the project.
 |
 |
 |
| Save money on energy costs |
Increase property value |
Improve tenant comfort & safety |
lime
Upgrade your multifamily
properties with LIME
Loans Improving Multifamily Efficiency (LIME) financing can help your multifamily property make energy improvements a reality. Connecticut Green Bank has partnered with Capital For Change (C4C) to provide financing for multifamily building owners seeking to improve the energy performance, economics, and health and safety of their properties. Loans are generally able to be repaid based on new cash flow created from the estimated cost savings for the project.
|
|
|
| Save money on energy costs | Increase property value | Improve tenant comfort & safety |
Financing terms at a glance
| Rate | 5.99%–6.99% (as of February 2023) |
| Term | 5–20 years |
| Security options | UCC-1, guarantees, collateral, energy credits, or mortgages |
| Criteria | 1.30x or greater energy savings coverage ratio |
| Origination fee | 2.00% |
Eligible measures
- Energy efficiency and renewable energy improvements.
- Up to 25% of loan proceeds may be used for non-energy efficiency improvements (structural, health/safety, etc.), provided there are sufficient savings.
- All fees and soft costs may be rolled into the loan. This includes items such as verification of proper installation, legal fees, and life of loan performance monitoring for each unit.
Need financing for something else? If you need help designing a project, learn more about Navigator. If you need financing for a project that is already designed, learn more about our Solar Programs, Health & Safety Loan, or C-PACE.
Eligibility requirements
- Any market-rate or affordable multifamily property with 5 or more units is eligible for this financing, including partnerships, trusts, LLCs, sole proprietors, public housing authorities, non-profits, and condo/co-op associations.
- Project sponsors who would, in turn, make a loan to an LLC or partnership.
Connecticut building owners are changing for the greener!
It’s easy to get started!
Building upgrades are best accomplished with the help of an experienced partner. We’re here to help you source a qualified contractor and provide the financing to get the job done.