UPDATE: 4/27/08 – the market has changed substantially since writing this article and some of the green funds I was in touch with are no longer looking for deals.
Hey green developers, I’m not sure what stage of planning you’re in and whether you’ve completely figured out your capital stack, but I have some information that may be of assistance in finding a good equity partner. Feel free to shoot me an email at jetsongreen at yahoo.com, and I can get back to you. In your email, let me know the company you’re with and some quick details about the green project you are planning. I may be able to help developers with the following general characteristics:
- Experienced developer of LEED or other third-party green certified real estate assets;
- A reputation for quality and excellence in development;
- Track record of handling projects averaging $50-$75M or more;
- Looking for equity financing for a green development in any real estate product type.
I’m not promising anything, I’m just saying, depending on your situation, I may have information on a good source for equity capital from people that know green development.
Article tags: Development, Lending