CRE’s Frustrating Efforts To Get It Together On Green Building Finance
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McLEAN, VA—With little fanfare last week, Freddie Mac launched the first of what it hopes will be a series of lender initiatives that will encourage energy efficiency: a Green Rebate to borrowers that voluntarily provide an ENERGY STAR score with their loan documents.
The GSE is working on few more initiatives, which it hopes to introduce soon, Mitchell Resnick, vice president of capital markets for Freddie Mac Multifamily, told GlobeSt.com.
The end result of these initiatives, one can assume from the GSE’s hints and previous offerings, could be green securitizations of multifamily assets. Such a security, it must be said, is not a novel concept; other developers and REITs have invested in capital market financings tied to or based on energy efficient properties with success…
CRE’s Frustrating Efforts To Get It Together On Green Building Finance
