Finance with Confidence
Our flexible financing options are specifically designed for property managers. Don’t defer essential repair needs—access the financial support you need, exactly when you need it. We can finance up to 70% of the project cost, with interest rates as low as 6.4%. Our tailored plans suit your unique requirements, making it easier for you to maintain and enhance your properties efficiently and effectively.
Customized Terms
Choose a repayment period that suits your needs, from as short as 3 months to as long as 24 months. Our competitive interest rates ensure you get the most value, enabling you to do your repairs without breaking the bank. Make cost-effective repairs that enhance tenant satisfaction and keep your property in top condition.
Why Choose Tenera?
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Thorough Issue Scoping and Design
Customized assessments ensure targeted, efficient project plans for your property’s needs.
Seamless Work Management
End-to-end project oversight guarantees quality work, timely progress, and hassle-free execution.
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Flexible and Accessible Financing
Affordable payment plans enable immediate project starts without hefty upfront costs.
A Simplified Financing Process
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Initial Consultation
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30 Minute Discussion of your needs
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Assess your project
Inspection
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Detailed inspection of your project within 7 Days
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Proposal with Financing Options
Terms & Approval
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Finalize the proposed work scope
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Review and accept the financing terms within 3-5 Business Days
Funding and Implementation
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Work begins with Tenera oversight
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Receive detailed Progress and Completion reports
Ongoing Support
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Continuous support throughout the project
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Flexible repayment options
Case Study:
Roof Renovation Project for Seniors' Residence
Project Overview:
Tenera recently completed a $120,000 roof renovation project for a seniors' residence that had been grappling with persistent roofing issues for years. These repeated leaks were seeping into the seniors' living quarters, significantly degrading their living conditions and overall comfort.
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The property management company, overseeing the residence home to many elderly individuals, faced substantial costs for the renovation but lacked the necessary funds. Conventional lenders were unwilling to finance the project due to perceived risks and high costs, and their loan offers were prohibitively expensive.
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Recognizing the critical need for repair, Tenera stepped in to provide financial support and expertise. We offered flexible financing options tailored to the management company's needs, enabling them to commence and complete the renovation without delay.
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The comprehensive roof renovation has addressed the leaks and structural damage, significantly improving the living conditions of the seniors by providing a safe and comfortable environment. This project stands as a testament to Tenera's commitment to helping property managers carry out their repairs through efficient and cost-effective solutions.
Challenges:
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Financing Issues: The property management company was unable to secure financing from external sources.
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Alternative Proposals: Another company suggested completing the project in four sections over four years, which was impractical due to potential recurring leaks before completion.
Our Solution:
Amortization Plan:
We devised a plan requiring a 50% down payment, with the remaining balance amortized over 12 months.
Alternative Approach:
The client initially planned a two-year project, addressing each half sequentially. Realizing the impracticality, we instead proposed comprehensive financing.
Outcome:
The roof renovation was completed in one phase, eliminating the risk of leaks during a prolonged project timeline. The seniors' residence now enjoys a fully functional, leak-free roof, enhancing the living conditions for its residents.