Build Green. Buy Green. Save Green.<br />Jeff Cole, CEO <br />myEnergyLoan LLC<br />May 13, 2010<br />
What is myEnergyLoan?<br />The leading green real estate finance network. <br />A green loan incentive & certification program.<br />The premier Energy Star Mortgage Partner.<br />Network enablesPublic-Private Partnership. <br />The national standard<br />for green lending <br />
Through local providers<br />myEnergyLoan handles the local financing interface<br />whom we support on every single myEnergyLoan<br />
Why a network?<br />No national standard existed so we created one & MEL was born<br />Public benefit funds needed way to set green loan incentive amounts<br />Market needed early adopter lenders & brokers to serve growing demand<br />Lenders need price-advantaged green loans & a uniform way to sell them<br />Market needs public/private initiative for quality assurance & delivery<br /><ul><li>MEL established the lender network
Energy Star Mortgage provides State Energy Office guidance; secures incentive dollars (ie: Colorado).
Energy Star relies on myEnergyLoan providers to execute incentive program
Together, MEL & Energy Star Mortgage snap lenders into market and create gateway to Capital Markets</li></ul>State Energy Offices need lenders in place to match incentives<br /> Local response to national demands <br />
Benefits of being a myEnergyLoan Provider:<br /><ul><li> myEnergyLoan is a triple-bottom-line company and we lend that 3BL to our providers – demonstrates trustworthiness.
myEnergyLoan is a pending certified B Corporation. That means we are a private firm operating for public benefit.
Members of the network support the shift of capital toward natural capital used to finance the shift to sustainability.
myEnergyLoan Providers get first dibs on programs currently being developed by Fannie ($250) , Freddie, VA and HUD
Association w/ Energy Star, EcoBroker, NAR, USGBC, NAHB Green Building platform, EarthCraft House, BPI, NARI
An all-inclusive loan product overlay program that works fairly to provide client savings and loan officer volume.
Structured financing programs for renewable energy; E.C.O. LLC.
Commercial lending capabilities; Great splits with loan officers if/when we serve you.
Easy to use and easy to do green lending as a myEnergyLoan Provider / Energy Star Mortgage Partner.</li></li></ul><li>One Industry – three markets<br />Purchase of Existing Green Property<br />Residential Existing Home Construction & New Home Construction<br />Renewable Energy & Commercial Green Building<br />
Solution #1: Incentive & Certification<br />myEnergyLoan Incentive Program – overlays any loan product– establishes incentive amount<br />1bps per 1% energy efficiency improvement = MEL EC<br />MEL EC paid by lender and sponsors when they exist<br />MEL EC is used as savings from closing costs or as discount points to buy down rate<br />Green loan certification by myEnergyLoan – File with title at County Level by title agent<br />Energy Audit, Contractor and Post Auditory Functions = “the energy side” handled by MEL & EPC<br />Solves the “how much incentive is warranted in this case” problem<br />Certified by MEL and Certified by Fair Mortgage Collaborative<br />
MEL Efficiency Credit <br /> When and How?<br />Received at closing as closing cost credit<br />Can be used to buy down interest rate<br />Provided by Lender/Loan Officer<br />Can be matched by State Energy Offices or other sponsors<br />Builder incentives, other closing contributors<br />manufacturer incentives can be incorporated into total credit <br />
MEL Efficiency Credit<br />How Much?<br />20bps to 100bps - Incentive based on building performance<br />
Solution #2: The EIM & EEM Program<br />New Construction & Purchase Mortgage<br />Energy Efficient Mortgage (EEM)<br />Greenovations & Weatherization Loans<br />Energy Improvement Mortgage (EIM)<br />Solves the “how do we do the EEM or EIM” problem<br />
Evaluate as EEM or EIM<br />Benefits your myEnergyLoan EIM is providing to borrower:<br />LOWERS OPERATING COST OF THE HOME BY REDUCING ENERGY COST BY 30% TO 50%. MORTGAGE MAY BE SLIGHTLY HIGHER, BUT OPERATING COSTS ARE GREATLY REDUCED FOR A NET POSITIVE CASH FLOW, WHICH TRIGGERS THE QUALIFICATION.<br />INCREASED VALUE OF THE HOME dollar FOR dollar <br />FOR IMPROVEMENTS MADE.<br /><ul><li>E.I. APPRIASAL VALUE $150,000 PLUS $10,000 ENERGY UPGRADE IMPROVEMENTS.
NEW VALUE WILL BE $160,000.</li></ul> Upcoming Fannie Mae Credit of $250 per myEnergyLoan<br />
Solution #3: Energy Star Mortgage Program<br />The myEnergyLoan provider network is a major part of the Energy Star Mortgage program.<br />myEnergyLoan providers are recognized as qualified Energy Star Mortgage Partners.<br />Together with the Energy Programs Consortium, the Fair Mortgage Collaborative and EIM LLC, myEnergyLoan serves the primary and secondary mortgage markets.<br />myEnergyLoan network expected to be the largest producer of Energy Star Mortgages which will receive Federal and State loan incentives.<br />Got to be in it to win it!<br />
Natural Capital Conversion<br />Leading the National Conversation about:<br />What’s that?<br />
Major Media Includes:<br />Wall Street Journal<br />New York Times<br />Secondary Marketing Magazine<br />MSNBC<br />Discovery Channel<br />Chicago Tribune<br />Atlanta Journal Constitution<br />GreenMoney Journal<br />
Referral & Marketing Flyers with Consistent Messaging to Referral Sources <br />
Opportunity to get it right<br />myEnergyLoan Provides<br />Harness the green value & reward consumer<br />
51 million US households<br />Existing Housing<br />“EIM”<br />
The myEnergyLoan network is <br /> Reliable, easy, nimble& National <br />
myEnergyLoan providers<br />myEnergyLoan certifies and trains<br />and consults with them on every deal<br />we remove the guesswork and <br />keep it simple<br />
We make you look great!<br />We help grow your business<br />most importantly…<br />
A net Financial Advantage<br />myEnergyLoan always provides<br />to your clients and to you<br />
Get set up today. $149 per month<br /><ul><li>Local Marketing Plan Development & Consulting
We “give you the Keys” to local green RE market