GRS Group is pleased to announce that it has received approval to perform the Freddie Mac Multifamily Green AssessmentSM. This approval, from Freddie Mac, comes after a significant, months-long screening process and a rigorous review of GRS Group’s qualifications and performance standards.
Announced in August 2016, the Freddie Mac Multifamily Green AdvantageSM program is designed to make America’s rental housing more resource-efficient. The Green AssessmentSM, performed by GRS | Corteq professionals, is a highly specialized property analysis created to identify energy and water savings opportunities.
Whether energy-saving improvements are planned for a new acquisition or refinance—or if the property is already green certified—the Freddie Mac Multifamily Green Advantage program allows eligible borrowers to qualify for better pricing and higher loan proceeds.
There are two types of assessments now offered by GRS | Corteq as part of the program:
1. The Green AssessmentSM is a straightforward property analysis the shows borrowers how they can save energy or water by making property improvements. Freddie Mac then reimburses up to $3,500 of the cost of the report when the borrower closes a loan with Freddie Mac.
2. The Green Assessment PlusSM is a highly-detailed property analysis based on an ASHRAE level 2 energy audit. Freddie Mac reimburses up to $3,500 of the cost of this report as well, provided the borrower closes a loan with Freddie Mac.
After a Green Assessment is completed, borrowers who then commit to reducing energy or water by at least 15 percent receive better pricing along with more funding to make these improvements. This, in turn, helps rental households to better manage their utility costs.
“We are very pleased to add this important program to our already comprehensive suite of commercial real estate service solutions,” said GRS Group president, Noreen Clindinning. “Through GRS Group’s Global Services Connection, this allows us to bring an even more tailored approach to clients looking for programs and processes that enhance the value their transactions. Providing the Freddie Mac Green Assessment as part of our service offering is a tremendous opportunity to better serve both our clients and the environment.”
About GRS Group
GRS Group is a leading provider of commercial real estate (“CRE”) services worldwide. With offices across the United States, Europe, and affiliates around the globe, GRS Group provides local market knowledge with global perspective for institutional real estate investors, occupiers and lenders worldwide. The GRS Group team has evaluated and advised on over $1 trillion in CRE transactions.
Through the company’s proprietary management process, Global Services Connection, GRS Group delivers an integrated suite of services including Financial Advisory, Transaction Management, Assessment and Title Insurance. We provide a single point of contact, capable of leveraging the GRS Group portfolio of companies, and delivering customized solutions to assist our clients in achieving their investment goals.
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