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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. real estate since the invention of the glass window. HVAC system upgrades, photovoltaic systems, cool roofs, etc.),

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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

That improved balance sheet for green buildings translates directly into green buildings having over 30% fewer commercial mortgage backed securities defaults. There is no underwriting justification for lenders charging the same interest rates on mortgages secured by green buildings. Today there is a nascent (.

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Types of Capital for Construction Businesses

Levelset

Working capital measures the difference between a construction company’s current assets and current liabilities. Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets. Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets .

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Although public liability insurance is not a legal requirement, it should be regarded as essential. A business plan can pinpoint sales and forecasted revenue, and is necessary in securing finance from lenders.

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Zoomlion Continues to Court Terex

Construction Equipment

Zoomlion is a limited liability heavy equipment manufacturer that is owned in part by the People's Republic of China. The Financial Times reports that Zoomlion has secured financing for the transaction. Zoomlion reiterated its intention to absorb Terex into the Chinese company's fold on Wednesday.

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PACE Bill Due in Baltimore City

Green Building Law Update

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to property owners for qualified projects (e.g., providing opportunities to separately finance the top 20% of a construction project or.),

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