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Article: New Resource Bank Makes it Easier (And more Profitable) For Green Developers and Investors.
- Article from:
- Business Wire
- Article date:
- January 31, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NRB to Offer More Money at a Lower Cost to Build Green
SAN FRANCISCO -- New Resource Bank announced today its program to offer financial incentives for green building projects. The bank will provide more money at a lower cost, with incentives that include lower interest rates and higher loan-to-value to help developers and investors profit more from building green.
The Bank will provide a 1/8th percent discount on loans to green leadership projects in the commercial or multi-unit residential sectors. Even for a relatively small building, this could mean significant savings over the life of the loan. For a $5 million loan, this could translate to more ...