Environmental Upgrade Finance
Environmental Upgrade Finance is a loan for environmental works repaid via quarterly council rates. This allows us to offer terms of finance which are not always available via other lending products and the banks.
What’s different from other loans?
100% Finance, including hard and softs costs.
Repayment is Statutory Charge, invoiced on a new local council rates notice.
If the property is leased then you have the choice of easily splitting repayment between landlord and tenants.
Loan terms between 4- 15 year allowing for cashflow maximisation
No requirement personal, business or other forms of security to be provided to financier.
Fixed repayment amortised in full over term
No balloon at end of period.
No consent or approval required by existing financier on property
Simple application process handled completely by Sustainable Melbourne Fund
What can be funded?
Businesses and landlord can apply for finance to fund any projects that help manage their energy, water or waste performance.
How it works
Sustainable Melbourne Fund provides the upfront capital that businesses need to make sustainability improvements to their buildings.
We do this through what’s called Environmental Upgrade Agreement – a loan to improve a building where the repayments are invoiced through an local government issued rates notice.