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Freddie Mac Green Rebate, Green Advantage and Green Certified

Energy Star Green Up Assessment Loans for EPA Water and Energy Efficient Multi-Housing Apartments in Dallas Fort Worth.

Apartment Loan Amount

Minimum $3 million

Conventional Supplemental Multifamily Loans

When you commit to reducing energy or water (by at least 30%, with a minimum 15% from energy), you can get better pricing and more funding through the Green Up and Green Up Plus programs. If your property is already green certified, see what the Green Certified, Green Rebate, and C-PACE programs can do you for your property.

Green Certified
We give discounted loan pricing for properties — if at least 20% of the property’s units are affordable rental units — and has one of these eight industry-standard green building certifications:

  1. EarthCraft, Greater Atlanta Home Builders Association & South Face
  2. ENERGY STAR® for Multifamily, EPA
  3. ENERGY STAR® for Qualified Multifamily High-Rise, EPA
  4. Green Communities, Enterprise Community Partners
  5. Green Globes, Green Building Initiative
  6. GreenPoint Rated, Build It Green
  7. LEED, US Green Building Council
  8. National Green Building Standard (NGBS), Home Innovation Research Labs

Green Rebate
Borrower can receive $5,000 from Freddie Mac for delivering an EPA ENERGY STAR Score.

C-PACE FINANCING
Freddie Mac Multifamily can grant consent for Commercial PACE financing from qualifying Commercial PACE programs on loans in our retained portfolio. Additional requirements apply.

 

Green Up®

Green Up Plus®

Minimum Projected
Consumption Reduction

30% of energy or water/sewer
consumption for the whole property, with a minimum of 15% from energy, based on Green Assessment

30% of energy or water/sewer
consumption for the whole property, with a minimum of 15% from energy, based on Green Assessment Plus

Underwriting Approach

Recognize 50% of projected owner. Paid energy and/or water/sewer savings based on Green Assessment

Recognize 75% of projected
owner-paid energy and/or water/sewer savings based on Green
Assessment Plus

Loan Proceeds / Sizing
  • Debt Coverage Ratio (DCR): -0.05x of policy-compliant DCR. Subject to lesser of 1.20x or program/product limit
  • Loan-to-Value (LTV) ratio: +5.0% of policy-compliant LTV. Subject to greater of 85% or program/product limit
  • DCR: -0.05x of policy-compliant
    DCR. Subject to lesser of 1.20x or
    program/product limit
  • LTV: +5.0% of policy-compliant
    LTV. Subject to greater of 85% or
    program/product limit

As-Is DCR/LTV
  • DCR: -0.05x of policy compliant DCR
  • Subject to lessor of 1.20x or
    product limit
  • LTV: +5.0% of policy compliant LTV
  • Subject to greater of 85% or product limit
  • DCR: -0.05x of policy compliant DCR
  • Subject to lessor of 1.20x or
    product limit
  • LTV: +5.0% of policy compliant LTV
  • Subject to greater of 85% or product limit

As-Improved DCR/LTV (If Applicable)
  • Must meet policy compliant DCR/LTV; no adjustments
  • Based on As-Improved NOI and As-Improved appraised value
  • Must meet policy compliant
    DCR/LTV; no adjustments
  • Based on As-Improved NOI and As-Improved appraised value

Time to Complete Green
Improvements

2 years to complete

2 years to complete

Escrow Requirements

Funds for energy/water efficiency work
will be escrowed at 125% of cost and
released as work is completed

Funds for energy/water efficiency work
will be escrowed at 125% of cost and
released as work is completed

Required Third-Party Reports

Green Assessment

Green Assessment Plus

Benchmarking Data Collection

Green Up loans require Borrowers to engage a third-party
data collection consultant, prior to the origination of the loan, to collect, input and
monitor actual energy and water usage through the term of the loan.

Green Up Plus loans require Borrowers to engage a third-party
data collection consultant, prior to the origination of the loan, to collect, input and
monitor actual energy and water usage through the term of the loan.

 

For current Freddie Mac Energy Efficient apartment rebates, contact our multifamily lenders in Dallas.

Call For a Quote:

(214) 679-9673

Online Estimate Form

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