Product

Navigator

A Pre-Development Loan for the District

DC Green Bank’s Navigator Pre-Development Energy Loan is a simple line of credit that funds customized design of energy improvements for new and existing commercial, nonprofit-owned, and multifamily properties. Navigator allows you to get a jump-start on construction design for energy-efficient upgrades.

Program Benefits

  • Supports well-designed energy projects that save on utility bills and enhance attractiveness to tenants
  • Property owners select and manage their own service professional(s) DC Green Bank Navigator Loan
  • Owners cover 25% of project costs and DC Green Bank finances 75%; one balloon payment at project financing
  • Get a head start on DC’s Building Efficiency Performance Standards

Navigator Quick Facts

 

Loan Amounts 

  • Up to $250,000  
  • Higher amounts may be considered based on the project size and complexity. 

Qualified uses for energy improvement projects 

  • Energy audits and benchmarking 
  • Green charrettes 
  • Design 
  • Engineering 
  • Bidding work 
  • Other reasonable energy-related pre-development costs 

Target Properties  

  • Residential or mixed-use properties with five (5) or more residential units 
  • Community-based nonprofit organization buildings 
  • Commercial buildings

Repayment terms 

  • 24 months, with repayment due at the end of the period or upon project funding 
  • No penalty for early repayment 

Getting funding through Navigator is easy! 

 

Reach out to our Investment Team at investments@dcgreenbank.com to get on the road to affordable pre-development financing.