September 2014 |
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Ascentium Capital Joins Noesis Energy's Efficiency Project Financing Marketplace
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Leading equipment financing company is the latest lender to connect with more than 100 project developers that use the Noesis marketplace to finance LED lights, building controls and other energy-efficient equipment for construction and retrofits
AUSTIN, Texas, Sept. 2, 2014
/PRNewswire-iReach/ -- Noesis Energy, the fastest-growing financing
marketplace for commercial energy efficiency projects, announced that
Ascentium Capital has joined its syndicate of efficiency lenders that
use Noesis to connect with more than 100 energy-efficiency companies
that collectively propose over $1 billion in projects annually. Noesis
is the world's leading lending marketplace that provides detailed
energy savings and technical underwriting information to assist in
project justification and financing worthiness.
Ascentium Capital, a national commercial lender, is ranked as the
fifth-largest private-independent finance company by volume in the U.S.
As a direct lender, Ascentium specializes in equipment financing,
leasing and working capital solutions for the energy-efficiency market,
which brought Noesis and Ascentium together. Ascentium's proprietary
credit underwriting platform, combined with Noesis' technical project
underwriting, will deliver quick, competitive finance quotes to Noesis'
project developers.
Ascentium's financing will be presented as part of Noesis' Efficiency
Finance Finder, which lets project developers include financing on
proposals to building owners. The quote system is a key capability of
Noesis' marketplace, which connects project developers with the best
financing resources.
Unlike traditional lending, which typically only reviews a borrower's
credit worthiness, Noesis performs a technical risk profile and ROI
analysis, enabling lenders to consider the merits of the project.
Lenders can then adjust underwriting to factor in the attractive
cash-flow attributes of energy projects and offer the most competitive
terms.
With Ascentium Capital, Noesis concentrates its focus on the
multi-billion dollar opportunity in energy-efficiency financing tied to
projects that improve operating profits and property values of
commercial buildings such as hotels, restaurants, corporate campuses,
warehouses and other facilities. According to Navigant Research,
building owners will spend $17 billion on efficiency investments in
2014, but despite the popularity of equipment financing, lending has
yet to make significant in-roads into this market.
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Financing has been prevalent for traditional commercial equipment like
computers and fleet vehicles, and with the help of Noesis and its
marketplace, financing will be critical to unlocking billions of
dollars of investment in energy-efficiency equipment and services such
as lighting, air handling and building controls.
ABOUT ASCENTIUM CAPITAL
Ascentium Capital, as a direct lender, specializes in providing
equipment financing, leasing and working capital solutions that drive
growth and profit for equipment manufacturers, distributors as well as
direct financing to businesses nationwide. For more information, please
visit AscentiumCapital.com.
ABOUT NOESIS ENERGY
Noesis Energy helps efficiency professionals get more projects approved
and implemented by providing turnkey financing services and SaaS-based
software tools to accelerate and streamline their efficiency project
analysis and proposals. Noesis Energy is backed by Black Coral Capital
and Austin Ventures, and maintains offices in Austin, Texas and
Cambridge, Ontario, Canada. For more information, visit
www.noesisenergy.com and follow @noesisenergy
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