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San Francisco now offering 100% financing for all soft story buildings that require seismic retrofits

The city of San Francisco has partnered with AllianceNRG to provide property owners 100% financing for all property that requires upgrades on multifamily soft story buildings for structural engineering and design costs. The financing covers only the improvements with no need to refinance the mortgage on the property. Up to 30 years long term financing with competitive interest rates. If the property is sold the assessment may transfer to the new owner. If you have a mandatory retrofit required for your multifamily soft story structure and need financing for the upgrades this program is designed for you. There is no more reason to delay to start your retrofit project since all costs, including the engineering can now be financed and costs passed on or shared with your tenants.   To learn more about the program and apply for financing on your soft story upgrades visit AllianceNRG at https://www.alliancenrg.com/retail/programs-softstory

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