2024 Expected to be Another Record-Setting Year for PACE
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2024 Expected to be Another Record-Setting Year for PACE
PACE issuance got off to a strong start in 2024 as property owners looked to offset a lack of available bank debt with alternative financing solutions. PACE asset-backed securities volume totaled about $362 million through June 7, according to a new report from Morningstar DBRS. The robust volume comes on the heels of a record-setting…
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Hotels Are Harnessing the Power of PACE to Meet Sustainability Goals
Amid widespread demand for sustainability and low-cost debt, one asset type is leading the charge for Texas’ Commercial Property Assessed Clean Energy program. Hospitality groups are increasingly turning to C-PACE to help finance new and existing projects, with half of loans administered by Lone Star PACE so far this year tied to hotels. Owners are…
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Lone Star PACE Administers $46.6M in C-PACE Financing for Luxury Mixed-Use Development in Houston
HOUSTON, Texas, June 3, 2024 – Lone Star PACE, a leading administrator of Texas’ Property Assessed Clean Energy program, today announced it facilitated $46.6M in C-PACE financing for a new mixed-use development near Houston’s Buffalo Bayou Park. A more than $31M loan was administered for The Thompson, a 172-room luxury hotel at 1711 Allen Parkway.…