Historically it has been challenging for landowners to secure loans from traditional banking institutions to develop mitigation banks on their property. As a result landowners could either sell (fee simple) the potential banking site to a bank developer or sell the right to develop a bank to a group willing to partner with the landowner.
Now there is a third option available which potentially allows landowners to retain greater control over their property. The concept involves using the credits generated from a mitigation bank as the collateral and repayment source for a loan to create their bank.
Restore Capital & 3Sister Sustainable Investments recently announced one such loan made to GreenVest LLC. View the complete press release here.