Property Renovation Equipment Financing

Finance the systems behind a renovation — laundry, kitchen, HVAC, water heating, and life safety — replaced in phases while the property stays open. Projects we fund typically run $500,000–$2,500,000, drawn system by system while the property keeps operating.

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The Property Renovation Reality

This is the renovation nobody mandates. No brand is sending a deadline — an owner has simply reached the point where the boilers, the laundry, and the kitchen are at the end of their lives and the cost of nursing them is beating the cost of replacing them. Because it is elective, it competes with everything else for capital and tends to get deferred until something fails at the worst possible moment. And it has to happen around a property that stays open: the work is phased, the rooms and outlets come back in stages, and the funding should behave the same way.

What a Renovation Package Covers

Commercial laundry — washers, dryers, and finishing equipment
Kitchen and F&B equipment replacement
Boilers, chillers, air handling, and HVAC plant
Water heating, softening, and plumbing infrastructure
Life safety, fire systems, and elevator modernization
Back-of-house, housekeeping, and engineering equipment

How the Draws Work

One approval, funded in phases — the schedule follows the project rather than a delivery date.

1 · Survey & Phasing

The plant is assessed and the work is sequenced around occupancy — which systems can be swapped in a shoulder season, which need redundancy in place first, and what has to happen overnight.

2 · System Replacement

Boilers, chillers, air handling, laundry, and kitchen go in by phase. Each one is funded as it is installed, so the property isn't carrying the whole project's cost from the first invoice.

3 · Commission & Reopen

Systems are balanced, inspected, and signed off, and the spaces they serve return to use. Payments follow the capacity coming back rather than the contract date.

Payment Structures

The differentiation: four ways to own the same equipment, engineered to your cash flow. Compare them side by side on our structures page.

Operating Lease

Off-balance-sheet treatment with end-of-term flexibility — return, renew, or purchase. Often the right answer when technology cycles or accounting outcomes drive the decision.

$1 Buyout Lease

Own the equipment for one dollar at term end. Fixed payments, full Section 179 eligibility, and a clean path to ownership.

Seasonal & Step Payments

Payments that follow your revenue curve — lighter in slow months, heavier in peak season, or stepping up as new equipment ramps to full production.

Usage-Based & As-a-Service

Payments tied to hours, output, or consumption. The category Elevex is defining: pay for what equipment achieves, not what it costs.

Learn more about financing structures

How It Works

Three steps from scope to funded.

1 · Bring the Scope

A budget, a floor plan or build spec, and the timeline you're working to. Not a single quote — the whole project, however many vendors it runs across.

2 · Structure the Draws

A finance professional maps the funding to the project's milestones, so money lands when each phase needs it and payments start when the facility earns.

3 · Fund Each Phase

Vendors are paid as phases clear. One approval and one schedule carry the project instead of a separate application every time the scope moves forward.

Common Questions

How is this different from hotel FF&E financing?

FF&E is what a guest sees and what a brand specifies — case goods, soft goods, in-room technology, amenity equipment — usually on a property improvement plan with a deadline attached. This is the building behind it: the plant, the laundry, the kitchen, and the life-safety systems, replaced because they are worn out rather than because a flag requires it.

Can the property stay open through the work?

It generally has to, which is what shapes the whole project. Systems get replaced in phases with redundancy staged so rooms and outlets come out of service a few at a time, and the schedule is built around shoulder seasons. That phasing is the reason funding in draws fits this better than a single advance.

Can one facility cover equipment from several vendors?

Yes — that is the point of financing property renovation as a project rather than as purchases. A single schedule can carry equipment from every vendor on the job, so the scope is approved once instead of being re-underwritten each time another supplier is added.

Which parts of a property renovation qualify for Section 179?

Most business-use equipment placed in service this tax year generally qualifies, financed or purchased outright. Leasehold improvements, real property, and construction costs follow different rules, so a project budget rarely qualifies as a single number. Run the equipment portion on our Section 179 calculator and confirm the split with your tax advisor.

How fast can property renovation equipment financing close?

Application-only decisions to $1,000,000 come back in minutes for qualified credits. Apply online with your scope and budget rather than a single quote — the draw schedule is built from the project timeline, so the sooner that exists the sooner funding can follow it.

Ready to fund your property renovation?

Payments built on outcomes, from the team that knows your industry. Equipment sellers: offer financing at the point of sale with CapVex.

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