BuildForward’s environmental mission is to enable the design and financing of deeply energy efficient construction and renovation projects, initially in New York City and its environs. Unlike conventional energy retrofit designs, which attempt 40-50% improvements in energy efficiency, BuildForward’s construction methodologies, such as Passive House, provide more than 85% savings in heating and cooling energy usage.
BuildForward funds deeply energy efficient building projects by connecting committed lenders directly with borrowers. We do this by providing high-quality, low-cost financial structuring and servicing to facilitate loans. In doing so, we aim to change the way the real estate industry thinks about its operating carbon footprint.
BuildForward Capital loans are structured as construction loans, wherein the real estate acts as collateral. Underwriting is based on standard bank models, overlaid with our extensive investment expertise. Each transaction requires approval by the credit committee and senior principals at BuildForward Capital.
The BuildForward lending network serves the needs of borrowers interested in constructing deeply energy efficient buildings through new construction, renovation and retrofit design. As professionals from the alternative investments sector, our expertise enables us to analyze credits and underwrite loans with a turnaround that is faster and more streamlined than established banks.
BuildForward is currently providing the debt financing to construct a six-story, multi-family housing structure on West 126th Street in Harlem, New York City. The high-end residences, developed by UrbanArtisan will meet the deeply energy efficient standards of a Passive House and will include modern interior and fixtures, private outdoor garden and rooftop access.