National Energy Improvement Fund (1)

The National Energy Improvement Fund ("NEIF"), founded in 2017 as a benefit corporation lending institution, has a lending heritage dating to 1947 (AFC First). It’s mission is to increase the affordability of energy efficiency and resilience improvements in homes and commercial properties. Led by energy financing pioneers, Peter Krajsa and Matthew Brown, and a team responsible for over $800 million in innovative energy financing programs, NEIF is currently the nation’s only Certified B Corporation® specialized energy efficiency and resilience lender, meeting the highest standards of social & environmental performance, public transparency, and legal accountability. It was named a U.S. Department of Energy Home Improvement Expert Partner in 2019. NEIF is focused on four strategic areas: Climate — NEIF finances energy efficiency improvements that reduce energy usage and the carbon footprint. Affordability — NEIF financing makes energy and resilience more affordable for homeowners and businesses of all sizes and income levels with additional focus on low and moderate income borrowers. Resilience — NEIF provides specialty financing and insurance programs for buildings in high impact weather regions. Business and Job Development — NEIF accelerates contractor growth and employee development with training, products and programs.

Strong credit — The average credit score for all energy and resiliency funded loans to date is 737.
Strong repayment performance — 60-day delinquency for all standard NEIF loans is less than 1.0% with no losses to date.
Diversified projects — For the over 4,000 residential projects funded by NEIF to date, 64% have been for heating, cooling and related improvements, and 36% have been for insulation and other energy and resiliency measures.
Funding spread across diverse income demographics — For all funded loans by NEIF to date, over 50% have been for low to moderate income.

• <70% Program expansion including personnel, licensing and operating capital
• <15% Technology
• <10% Marketing and program development
• <10% Pilot portfolio loan programs

Peter J. Krajsa, - Co-Chair and Founder, Managing Member

Matthew H. Brown, - Co-Chair and Founder, Managing Member

Laura Nelson - Chief Operating Officer

Coupon Rate: 5.00% per year, interest paid quarterly

Maturity Length: 5 years (9/17/2025)