Most buildings function as small businesses, not big corporations. 90% of commercial buildings are smaller than the average grocery store. Globally, buildings generate nearly 40% of greenhouse gas emissions, leading governments to implement new regulatory mandates for energy efficiency. Two-thirds of the buildings that exist today will still exist in 2050, making compliance for emission reductions under the Paris Agreement a significant challenge. Small building owners largely don’t have the money or expertise to navigate the complexities of financing necessary upgrades to comply with these mandates. How do we reduce the impact of these buildings, while property owners, especially in cities, keep up with the growing demand?
“The problem isn’t that there isn’t great energy-efficiency technology or capital. The problem is that access is unevenly distributed,” says Parker White, founder of Unety. “Larger buildings can afford the consultants, who bring access, but smaller buildings can’t. The only way to bring access to smaller buildings is to use technology to reduce costs.”
Two-thirds of the buildings that exist today will still exist in 2050, making compliance for emission reductions under the Paris Agreement a significant challenge.
Unety is streamlining the process for small commercial building owners to get the funding they need to make the mandated improvements to fight climate change. The Unety platform replaces the need for expensive consultants and time-consuming financial origination practices with a proprietary data engine that predicts the financial risks of a project. It then matches the risk profile to the capital source that can underwrite it, connecting property owners and energy contractors directly to willing lenders.
“With a combination of proprietary predictive analytics, big data processing, and intelligent automation, Unety reduces the cost of real estate financing origination and underwriting by over 30%, making over a trillion dollars of clean energy investments available for the first time,” Parker says. “Our tools ensure that property owners of all sizes have access to personalized, reliable, and affordable financing.”
Parker White, CEO, and Justin Pincar, CTO, of Unety.
Unety offers access to different capital types and capital providers, increasing approval rates for building owners. By streamlining the financing process, Unety offers a faster turn-around for the borrower and the lender. Alll fees are paid by the capital provider. Based on estimates from Lawerence Berkley National Labs, helping property owners make needed improvements to get to net zero emissions is an estimated multi-trillion dollar opportunity by 2040. Unety’s current pipeline includes 87,000 small commercial property owners and a $2 billion lending capacity. By simplifying a complex financing process that has served as a barrier to climate action for far too long, Unety is helping small commercial building owners build for the future.
Learn more about Unety at www.unety.io.