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You are here: Home1 / Building Solutions2 / Multifamily Financing3 / LIME

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.

CTGB-Buildings-low-electricity-costs CTGB-Buildings-Improve-tenant-comfort-and-safety
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.

CTGB-Buildings-low-electricity-costs CTGB-Buildings-Improve-tenant-comfort-and-safety
Save money on energy costs Increase property value Improve tenant comfort & safety

Financing terms at a glance

Rate5.99%–6.99% (as of February 2023)
Term5–20 years
Security optionsUCC-1, guarantees, collateral, energy credits, or mortgages
Criteria1.30x or greater energy savings coverage ratio
Origination fee2.00%

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!

Solar savings helps Windsor Locks Housing Authority make improvements

View the full story

Calvary Temple Christian Center will save more than $14,000 in energy costs this year

View the full story

The L.C. Doane Company will save more than $55,000 in energy costs this year

View the full story

Forstone Capital will save more than $260,000 in energy costs this year

View the full story

The Bushnell Center will save more than $59,000 in energy costs this year

View the full story

Green Bank helps East Meadow Condominiums replace failing, leaky roof, and upgrade their boilers

View the full story

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.

Have questions? Contact Us →

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75 Charter Oak Avenue
Suite 1-103
Hartford, CT 06106

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Stamford, CT 06902

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