Navigator Pre-Development Loan

The Navigator Pre-Development Loan is part of a broader suite of innovative financing products designed to connect property owners with technical assistance and funding to implement energy efficiency and climate resiliency retrofits. Created by Inclusive Prosperity Capital (IPC), a nonprofit specialty financing intermediary, the product is implemented in collaboration with local partners such a green banks to finance pre-development energy projects.

The loan is a lightly secured line of credit that can fund up to 80% of eligible pre-development costs, up to $2,000,000 per project. There are no monthly payments during the 24 month loan term. Projects serving low-income communities, including NOAH, qualify for preferred below market interest rates. The Loan can also be used alongside other IPC lending tools to fund resiliency improvements identified during pre-development, connecting property owners to resources and support through every step of their retrofit process from start to finish.