The amount of available C-PACE financing reached new heights last month after Aquarian Holdings acquired a majority stake in PACE Equity, one of the industry’s foremost C-PACE capital providers. In this episode of our web series In Conversation with Lone Star PACE, PACE Equity President and founder Beau Engman stops by to unpack the significance…
C-PACE financing is poised to gain even more relevance next year as banks continue to pull back on lending to commercial real estate, according to new data from CBRE. Loan volumes surged in the third quarter as spreads tightened and debt liquidity returned to high-quality assets. Most financing was provided by alternative lenders, and that…
The C-PACE market is getting a $600M boost thanks to a new integrated financing program aimed at advancing sustainability in commercial real estate. Earlier this month, Nuveen Green Capital and global investment firm CDPQ announced they would join forces to offer a one-stop shop for Commercial Property Assessed Clean Energy financing. The first-of-its-kind program supports cost-effective…
The much-discussed wall of maturing loans is closing in, expanding the pool of borrowers looking to refinance and paving the way for a potential boost in demand for C-PACE financing. A new report by Moody’s found that a growing segment of commercial real estate loans have been modified as borrowers grapple with interest rate cuts…
In today’s tight capital environment, property owners are increasingly turning to alternative financing sources to fund new construction projects or refinance existing buildings. Commercial Property Assessed Clean Energy, or C-PACE financing, is a relatively untapped solution that can replace more expensive forms of debt and help reduce the weighted average cost of capital. Rising demand…
When deciding what to pair with mortgage debt, developers may find themselves choosing between mezzanine financing and Commercial Property Assessed Clean Energy, or C-PACE, to reduce the weighted average cost of capital. C-PACE financing is an attractive alternative to a mezzanine loan because it reduces the project’s capital cost and offers longer-term solutions for a…
Adoption of C-PACE financing within the commercial real estate capital stack is expected to increase in the coming months as capital providers embrace the program’s ability to modernize aging properties and boost values. As we enter the second half of 2024, CRE owners continue to grapple with elevated interest rates and a heightened cost of…
According to data from the Department of Energy, there are nearly 6 million commercial properties in the U.S., utilizing 97 billion square feet of floor space. Collectively, this sector spends $190 billion on energy, creating an opportunity for businesses to improve efficiency and reduce costs around heating, cooling, lighting, and water. For mixed use property owners…
Outdated, inefficient HVAC systems, lighting, water management and insulation are costing industrial property owners. According to data from the U.S. Energy Information Administration, the industrial sector consumes a considerable amount of energy in the U.S., accounting for 36% of total end-use energy consumption. Water consumption resulting from industrial processes and heating and cooling also adds up,…
Energy expenses can be one of the largest operating costs for a multifamily building. Water usage can add up too, especially in Texas where water expenses are the 10th highest in the country. It doesn’t help that energy and water expenses are variable, making the costs unpredictable for you and your tenants. To reduce costs, multifamily…