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Case Study #3 Existing Building Refinance/Rehab MAP 221 D4 SR

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Presentation on theme: "Case Study #3 Existing Building Refinance/Rehab MAP 221 D4 SR"— Presentation transcript:

1 Case Study #3 Existing Building Refinance/Rehab MAP 221 D4 SR
3 Stories Garden style with 310 units Common Space (Clubhouse, Pool, Gym) Individual Meters (Currently) Was able to get 100% of utility bills from utility provider 75% of building being remodeled from major gut rehab Changing floor layout HVAC systems Electrical distribution systems (installing sub metering) Plumbing system updated to current code Seeking to obtain a LEED Home/LO/MID Rise Certification Required to deliver SEP with 75% occupancy + 15 months, then must be maintained annual Utility Linked data or a Professional Engineer or Architect stamp

2 Lender Responsibility
Engage early for SEDI and Green Certification Provide Completed 80% CDs Provide Project Contact list Coordinate team conference calls as needed Determine early and often project GREEN CERTIFICATION Data Collection Plan

3 Common Pitfalls for Rehab
New Construction Common Mistakes Not establishing a Green Certification before design Not designing to a Green Certification Standards Not having a 3rd party reviewer Providing partial or inaccurate information with CDs Lighting Schedules Appliance Selections Mechanical Schedules CDs not complete Beginning construction before incorporating Green Standards Changing Green Certification project Midstream


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