On the occasion of the Salon de la Copropriété, which was held on November 8 & 9, 2022 at Porte de Versailles, Banque Francilienne presented its financing solutions for condominium trustees.
A dedicated national team to meet the needs of a complex market (all regions combined)
With a Condominiums department, made up of around thirty employees spread over the whole of the national territory with 10 account managers including 6 agencies in the regions (Lille, Nantes, Lyon, Bordeaux, Marseille and Montpellier) and 2 agencies in charge file processing based at the head office of Caisse d'Epargne Ile-de-France, the Ile-de-France bank has set up a sales department exclusively dedicated to the needs of the market. The Chargé d'Affaires have the task of publicizing the group loan offer, training, supporting and raising the awareness of the trustees.
The bank has thus 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 for processing financing files for collective co-ownership 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 faced with the challenges of energy renovation. Through the pre-financing of public aid paid upon receipt of construction sites, we fully play our role of project facilitator by giving flexibility upstream to condominiums, including those considered fragile. » explains Christophe BERFINI, Director of Property Trustees and Administrators at Caisse d'Epargne Ile-de-France.
A complete financing offer
The offer for Caisse d'Epargne Ile-de-France condominiums revolves around 3 flagship products and meets very specific expectations:
- Copro 100: this loan is contracted in the name of the syndicate of co-owners with deductions made individually from the account of each co-owner. It is granted without age limit, without health questionnaire, a specific guarantee allowing to separate the co-owners from each other 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 sets up recovery actions.
Today, only the Caisse d'Epargne Ile-de-France offers such a system, which satisfies not only the trustees of co-ownerships but also all the co-owners.
- Eco Loan at zero rate co-ownership: the obligation of renovation work for particularly energy-intensive buildings is now enshrined in law. This zero-interest loan subsidized by the State is used to finance the energy renovation work of the condominiums. It meets the challenges of supporting and accelerating the reduction of the carbon footprint of residential buildings and the achievement of the overall performance of buildings.
Granted under conditions, it is deducted directly from the account of the syndicate of co-owners.
However, it has a definite advantage for subscribers (owners of lots for use as a main residence): a 0% rate loan which can finance up to €50/lot (based on the overall performance of the building) for a maximum period of 000 years.
This is a real lever for financing energy renovation.
- Pre-financing of public subsidies: this solution concerns aid of the “Ma Prim' Renov” type, ANAH or local authority schemes. Pre-financing up to 100% of collective subsidies (and individual subsidies subject to conditions) guaranteeing the specific financial closure of a co-ownership project.
[1] According to the National Housing Agency (ANAH)
[2] Evolution of housing, development and digital (Elan)
[3] Energy performance diagnosis (DPE)