How Will Lenders Factor Climate Risks into Underwriting?

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By Tony Liou, Partner Energy President & Kathryn Peacock, Principal and National Client Manager for Partner Engineering and Science, Inc Fed says climate change can result in direct financial risks and bank stress testing is likely coming. Lenders can start managing those risks now. Lenders and investors are beginning to identify climate change impact as […]

5 Steps to Reduce Your Property’s Greenhouse Gas Emissions

For Earth Day 2021, take action by reducing your portfolio’s carbon footprint and reaching your ESG goals By Tony Liou, Partner Energy President Since its debut in 1970, Earth Day has since expanded into 192 countries and EARTHDAY.ORG now works with more than 75,000 partners in order to “drive positive action for our planet.” Earth Day is […]

Climate Change and ESG Impacts on Commercial Real Estate

climate change and flooding

CRE needs to prepare for a shifting landscape. By Tony Liou, Partner Energy President As President Biden signs sweeping climate change executive orders, the commercial real estate industry is also ramping up the conversation around Environmental, Social, and Governance (ESG). Just this month, at the virtual MBA CREF21: Lending, Investing, Servicing and Technology Convention & […]

Establishing and Achieving the Environmental Goals of ESG

skyrise construction

As more investors focus on ESG policies, we try to demystify the E in ESG. By Tony Liou, Partner Energy President In the past year, ESG (Environmental, Social, and Governance) investing has gone from a niche strategy to a mainstream approach utilized by more institutional real estate investors. Companies like BlackRock and PGIM are scaling […]

Real Estate Must Become More Resilient

After a year of record-breaking disasters, the need for real estate resiliency is clear. By Tony Liou, Partner Energy President There is no denying that the number of natural disasters and their severity have increased over the years. Wildfires have burned more than four million acres in California in 2020, which is double the previous […]

Green Advantage Shifts Focus

Green Advantage Shifts Focus to Incentivize Workforce Housing by Tony Liou, Partner Energy President Citing a refocus towards affordable housing, the FHFA eliminated the green lending cap exclusion last fall, leading to uncertainty in the green lending market. Last month, Freddie Mac announced their continued commitment to the success of the Green Advantage program by […]

FHFA RELEASED NEW GREEN LENDING REQUIREMENTS FOR 2019

stack of increasing number of coins sprouting plants that grow with the coins

The Federal Housing Finance Administration (FHFA) just released new requirements for the 2019 Fannie Mae and Freddie Mac Green Lending Programs. The new requirements may increase the implementation cost of these loans for some borrowers. However, with careful consideration of the type and quantity of energy-saving and water-saving measures implemented, this cost can be minimized. […]

New York City Local Law 87

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Energy Audits and Retro-Commissioning for Building Owners and Managers As part of New York City’s Greener, Greater Buildings Plan (GGBP), Local Law 87 (LL87) mandates Energy Audits and Retro-Commissioning every ten years for all buildings over 50,000 square feet. LL87 provides building owners and managers insight into energy consumption and building performance with the goal […]

Green Lending and Multifamily Incentives in the Greater NYC Area

nyc green - landscape

Partner Engineering and Science’s, Melissa Dahl recently wrote an blog post encouraging borrowers to take advantage of green lending and multifamily incentives in the greater NYC area. The multifamily green financing programs within both Freddie Mac and Fannie Mae have been extremely successful, with Fannie Mae closing on 500 green multi-family transactions through October 2017. […]

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