Refinancing

What is refinancing

A loan agreement signed five years ago was created in a different reality. ESG used to be a voluntary addition to the documentation. Today, it is a risk assessment criterion — and one of the factors that determine the margin.

Refinancing is the moment when the asset is assessed according to the current requirements of the financial market. The bank looks at the same asset, but asks questions it did not ask five years ago: about energy consumption, taxonomy compliance, the decarbonisation pathway, and regulatory risk over the horizon of the new agreement.

Our role is to prepare the asset for that conversation. We start by taking stock of what you actually have — because in an existing portfolio, the problem is rarely the asset itself. The problem is both the data that nobody has been collecting and the building improvement strategy for the future, which will deliver a specified effect at the declared cost.

Refinancing differs from financing a new investment in two ways. It has a fixed deadline, determined by the maturity of the current financing, and a narrower set of levers — you can no longer change the project; you work with what is already there.

The scope includes:

1. ESG Audit and organising the asset’s operational data
2. checking compliance with CRREM and a improvement plan
3. alignment with the EU Taxonomy
4. improving energy performance (EPC Improvement)
5. BREEAM In-Use certification
6. CAPEX strategy aligned with the lender’s criteria

Expert Opinion

“The asset hasn’t changed. What the bank asks has changed — and how much more expensive the loan is when there is no answer.”

Dominika Bryła

Head of ESG, Technical & Certification Consultancy

Check the current rating of your building

Benefits

Maintaining financing terms

Complete ESG documentation protects against a deterioration in the margin upon renewal — and, in the case of a good result, allows you to negotiate it down.

Qualification for green financing

An existing asset with documented alignment qualifies for a green loan and sustainability-linked loan on a par with a new investment.

CAPEX directed where it works

Not every improvement changes the credit decision. We prioritise spending according to what actually affects the lender’s assessment.

Shorter process on the bank's side

Data prepared to institutional standards eliminates rounds of questions and follow-ups that delay the decision.

Protection against stranded asset

Refinancing reveals whether the asset will maintain its creditworthiness over the horizon of the next agreement. It’s better to find out now.

Data that keeps working

The same set supports CSRD reporting, negotiations with tenants, and the future sale transaction.

Project implementation from A to Z

Customization of solutions

Constant support and advice

Refinancing

We will guide you through the entire project process

Deadline and starting point - We plan backwards from the maturity date of the current financing. Result: a realistic schedule and clarity on what can and cannot be completed in time.
ESG Audit - We inventory the property data — consumption, utilities, metering, technical documentation. Result: a picture of the actual state instead of estimates.
Gap analysis - We compare the lender’s requirements with the property’s current state: taxonomy, energy performance, BMS, certification, regulatory risk. Result: a list of discrepancies to be closed.
CAPEX plan - We estimate the improvements and rank them according to their impact on the credit decision within the available time. Result: a budget based on priorities, not completeness.
Implementation and documentation - We carry out EPC improvements, BREEAM In-Use certification, and preparation of taxonomy documentation. Result: a package ready for submission.
Support during the process and after closing - We answer analysts’ questions, negotiate the bank’s KPIs, and after signing report the indicators required by the agreement. Result: no downtime now and maintaining the conditions later.