Financing of energy redevelopment works in condominiums: Caisse d’Epargne, a rare bank to position itself in this sector – Guide to savings

With a very strong need for financing on the condominium market of about 7.6 billion euros per year [1], few banking operators positioned and various reforms such as climate and resilience laws, Elan [2] and the ECD [3] the Caisse d’Epargne Ile-de-France, with its specialization in the condominium financing market, provides the entire ecosystem with a complete financing offer for the works: energy requalification, elevators, maintenance, transformation, etc.

30 people dedicated to condominiums

With a condominium department, made up of about thirty employees located throughout the country with 10 account managers including 6 agencies in the regions (Lille, Nantes, Lyon, Bordeaux, Marseille and Montpellier) and 2 agencies responsible for processing at the headquarters of the Caisse d’Epargne Ile-de-France, the Ile-de-France bank has set up a commercial office dedicated exclusively to the needs of the market. The Distributors are responsible for publicizing the group loan offer, training, supporting and raising awareness among administrators.

The bank has therefore set itself the goal of supporting all its customers towards the energy transition and social inclusion in Ile-de-France in order to participate in the greening and rehabilitation of an aging fleet. It is also invested in the financing, with local authorities, of so-called “fragile” condominiums. Its ambition is to obtain the support of a greater number of trustees through the digitization of all the processes of processing the financing procedures for jointly-owned collective loans.

The condominium market is complex with real needs and expectations. In a context of energy crisis, strong demand with limited financing possibilities, the Caisse d’Epargne Ile-de-France offers an offer that fully meets the needs of condominiums facing the challenges of energy renewal. By pre-financing public aid paid upon receipt of construction sites, we fully play our role as project facilitators by giving flexibility upstream to condominiums, including those called fragile. explains Christophe BERFINI, Director of Directors and Real Estate Directors of Caisse d’Epargne Ile-de-France.

A complete financing offer

The offer for the Caisse d’Epargne Ile-de-France condominiums revolves around 3 leading products and meets very specific expectations:

  • Cover 100: this loan is contracted in the name of the co-owners union with deductions made individually from the account of each co-owner. A specific guarantee is granted without age limit, without health questionnaire, which allows the co-owners to be separated and to choose the duration of the loan (between 3 and 20 years). In the event of default, it is the Ile-de-France bank that initiates the recovery actions. Today only the Caisse d’Epargne Ile-de-France offers such a system, which satisfies not only the administrators of the co-ownerships but also all co-owners.
  • Eco zero-interest loan in co-ownership: now the obligation to renovate buildings is now established by law for particularly energy-intensive buildings. This zero-interest loan subsidized by the state is used to finance the energy redevelopment works of apartment buildings. It meets the challenges of supporting and accelerating the reduction of the carbon footprint of residential buildings and the achievement of overall building performance. Granted under conditions, it is deducted directly from the account of the co-owners’ union. However, it has an undoubted advantage for subscribers (owners of lots for main residence): a loan at a 0% rate that can finance up to 50,000 euros / lot (based on the overall yield of the property) for a maximum period of 20 years. . It is a real lever for the financing of energy renewal.
  • Pre-financing of public subsidies: this solution concerns aid of the “Ma Prim ‘Renov” type, ANAH or local authority schemes. Pre-financing of up to 100% of collective contributions (and individual contributions subject to conditions) guaranteeing the specific financial closure of a co-ownership project.

Condominium fair: La Caisse d’Epargne Ile-de-France awaits you at its stand D46 – Hall 5.2 / 5.3

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