Noesis Adds $25MM to Energy-Related Project Financing

Noesis, a tech-enabled lending marketplace for financing energy-saving commercial building improvements, announced a fifth lender to its syndicate of capital providers, a necessary step to meeting the needs of Noesis users who are estimated to generate over $1 billion in financing proposals in 2015.

In January the company said it added a fifth lender to its marketplace, a specialty lender with 25+ years in industrial efficiency projects and over $25 million in credit capacity. This brings the total number of lenders in the marketplace to five, and allows Noesis to cover the majority of loan scenarios common to commercial real estate.

In addition, Noesis announced several specialized financing products, including its Energy Performance agreement, which is a vehicle designed for commercial energy efficiency projects such as LED lighting upgrades.

“Demand for lenders and specialized financing supporting the billions of dollars of commercial energy efficiency projects are at an all-time high and will continue to rapidly grow,” said Scott Harmon, chief executive officer, Noesis. “We are committed to providing building owners with the right insight into these investments coupled with the right financing product so that more projects can be approved and completed.”

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