Capital Fund

Capital Fund is a new source of cost-effective construction finance, repaid through council rates

  • Replace expensive mezzanine debt or equity
  • Decrease financial risk
  • Improve environmental performance


Is Capital Fund
Available for my

Our finance is offered in partnership with local councils. Check to see if yours is participating here

How It Works:

Capital Fund Finance

Capital Fund is a new and innovative way to finance environmental improvements to a building. It diversifies the capital stack – giving owners the ability to minimise risk and replace more expensive debt or equity. With Capital Fund, loan terms of up to 20 years are available.

Capital Fund is a form of Environmental Upgrade Finance, and can be used to bridge the gap between traditional bank debt and equity investment. Because repayments are made through council rates, it comes with very competitive rates and terms, reducing the overall cost of capital, increasing developer returns and means your building will be a better environmental performer than the competition.

With long dated loan terms, Capital Fund’s unique structure mean that the finance is secured by the land, not the owner, so that if the property is sold, the finance can stay with the property (along with all the project benefits) for the new owner to benefit from.

An example of how Capital Fund can work in construction finance:


20% p.a.

Construction Debt

6% p.a.


WACC 11.6%*


20% p.a.

Capital Fund 6.5% p.a.*

Construction Debt

6% p.a.

Capital Fund

WACC 10.3%**

*indicative interest rate. **net of upfront fees and charges

Capital Fund’s unique terms make it ideal for inclusion in major, transformational construction projects, such as building repositions, major refurbishments, retrofits and other significant projects that have an environmental upgrade component.

Benefits of Capital Fund
  • Diversify your sources of capital
  • Available for 100% environmental upgrade project costs – including hard, soft and auxiliary costs – of up to $20m
  • Interest capitalisation available for up to two years
  • Terms of up to 20 years
  • Competitive fixed period interest rates with predictable repayments
  • Repayments can be shared between landlords and tenants
  • Can be transferred to new owner if property sold before facility repaid
  • Often more affordable capital then most other equity and mezzanine debt within the capital stack
  • Can be tailored to fit a bespoke financial structure

    Sustainable Melbourne Fund

    Enquire Now

    Complete the form below and our team will be in touch to discuss your project

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    What Can be Funded?

    Capital Fund can be used for projects including office, retail, healthcare, industrial, manufacturing, hotels, cold stores, specialised manufacturing, sporting and more.

    Eligible works can include anything that has an environmental benefit such as energy efficiency, solar, base building(insulation, windows etc) water efficiency, water harvesting and waste minimisation

    • Council supports environmental upgrade finance
    • Building is on rateable land
    • Primarily a non-residential property
    • Upgrade has a measurable environmental benefit


    Our Team

    Scott Bocskay

    CEO / Managing Director

    Kathy Johnson

    Co-Head Capital
    Fund Origination


    Jabin Henderson

    Co-Head Capital
    Fund Origination


    Want to Know More?

    Find out if you qualify for an environmental upgrade finance agreement. Complete the form below.

      My planned upgrade includes:

      Availability in Your Area

      Check Availability in Your Area

      Our finance is currently enabled in Victoria, New South Wales and South Australia. Look up your address to see if it's available to businesses in your council area.

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      Sustainable Australia Fund

      Our Installation Partners

      Success Stories

      Impact Investment Group

      Since completing the renovations, Impact has successfully tenanted the building to co-working franchise WeWork on a 15-year contract.


      Larkman Nurseries

      Larkman Nurseries in Lilydale recently built a state-of-the-art propagation facility that will increase their yearly plant production to around 2 million units. They installed a 13.2kW solar PV system to generate and store more of their own power on site.


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      Now Available

      The Solar for Business Program is now live! You can cover additional costs to install solar using our finance.

      Register your interest for Environmental Upgrade Finance below, and we will be in touch to discuss your project. Limited grants are available, so apply today to ensure you don't miss out!