PUYALLUP, Wash. – May 18, 2023 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the...Read
Green Apartment Buildings Get Discounted Interest Rates
Green certified multifamily properties will receive discounted mortgages in 2015. Fannie Mae will grant a 10-basis-point discount on interest rates for acquisition, refinance, and supplemental mortgage loans for multifamily properties with green building certification, such as LEED or Energy Star. (The discount would lower a 4% market interest rate to 3.9%.)
Green buildings have been proven to have relatively lower monthly energy and water costs. The U.S. Department of Energy reports LEED-certified buildings are estimated to consume 25% less energy and 11% less water, with 19% lower maintenance costs and 27% higher occupant satisfaction, than non-green buildings.