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COUNTERPOINTE SUSTAINABLE REAL ESTATE

Building Safer Communities 

Financing the Future of Energy Efficiency and Seismic safety

 

 

100% Retrofit Financing

CountepointeSRE offers 100% financing of your seismic retrofit with long term, fixed rates up to 30 years- no balloon.
 

Retrofit using an Assessment

Program financing is a municipal tax assessment which is levied on your property and paid with your regular property taxes.
 

Engineering Cost Coverage

Countepointe Sustainable Real Estate can finance all related work and the soft costs including permits, inspections, project development and seismic engineering costs.
 

Transferable to New Owner

CounterpointeSRE may be transferred to a new owner if you decide to sell your property without relying on the credit of the new owner.
 

Seismic Retrofits - Regulations for Potentially Hazardous Buildings Containing Soft, Weak or Open Front Stories

In order to protect tenants in multifamly dwellings, many California communities require owners of soft, weak, or open front (SWOF) buildings  to retrofit their buildings. Owners have only a few years to submit structual analysis and plans, obtain permits, and complete construction.

Learn More about SF
Learn More about LA
Seismic Ordinances

Counterpointe Sustainable Real Estate Can Help Finance Your Seismic Retrofit In 4 Easy Steps

Step (1) Apply



Apply for the Seismic Retrofit Program

  • Property Owners qualify for the Program based on the equity in the property and certain underwriting criteria 
  • Start by completing a short form via our website application.
  • Once application is accepted, you will be able to create a web account.
  • The web account includes information about the Program, Registered Professionals in your area and resources such as guides about PACE and  other eligible improvements.

 

 
Step (2) Financial Approval

Once you are prequalified, continue your application.

  • Upload required documents for underwriting via your web account.
  • Receive Financial Approval up to Maximum Assessment Amount.
  • Select your Engineer or Contractor from our list of eligible Registered Professionals or ask your professional to apply to our Program.
  • Financing is subject to financial and technical approvals and to entering into an assessment contract which will set forth the interest rate and other terms and conditions.

 

Step (3) Technical Approval

Final approval of your application is subject to technical approval of your proposed project. 

  • Develop the retrofit plan and submit to building department for approval 
  • Submit your engineer's plans for an earthquake sensitivity analysis (SEL report). 
  • Your contractor's proposal are submitted to CounterpointeSRE for PACE technical approval.
  • Make arrangement with our Program to close your assessment and arrange payment schedule.
Step (4) Construction and Payments

Begin your Seismic Retrofit 

  • The Program can provide Progress Payments to your Registered Professionals and reimburse you for your expenses. 
  • Soft Costs of construction can be included in your financing: permits, inspections, design, financing costs, plans, etc.
  • A final Assessment amount will be recorded at the Tax Collectors office.
  • You will receive an addtional line item on your regular property tax bill from the city for the  Assessment payment. Payments are only made through your property tax bill.
  • Assessment can transfer to new owner should you sell the property.

More information can be found in FAQ section here


 



 

 

 

 

 

 

Enhance. Comply. Protect.

 

That's Not just thinking big...It's Seismic thinking TM


 

 

 

Apply Now

More information can be found in FAQ section here