Beyond Sustainability: How CIRRUS Low Carbon Maximizes Developer ROI
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Beyond Sustainability: How CIRRUS Low Carbon Maximizes Developer ROI
In this episode of In Conversation with Lone Star PACE, Beau Engman of PACE Equity breaks down his company’s CIRRUS Low Carbon program, which provides access to a decreased cost of capital when developers build or renovate with a lower-carbon design. “Most developers build what they can optimize from the upfront economics,” Engman told Lone…
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Developers Can Pair C-PACE with Q Flow to Maximize Investment in Sustainability
In this episode of In Conversation with Lone Star PACE, we sat down with Ryan Hollis, account executive overseeing U.S. operations for Qualis Flow, a platform that helps developers make informed decisions about cost using real-time materials and waste data. “Q Flow helps projects stay on track by giving the customer a full view of…
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Lone Star PACE Ends Record-Setting 2024 With $186M in C-PACE Transactions
Lone Star PACE, a leading administrator of the Texas C-PACE program, facilitated $186 million in C-PACE financing projects in 2024, more than doubling its 2023 total and surpassing its annual record for transaction volume for the fourth consecutive year. Over the course of 2024, Lone Star PACE partnered with property owners, municipalities and capital providers…
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From Boardrooms to Bedrooms: C-PACE Can Help Office Conversions Pencil
As dense urban areas grapple with an abundance of unused workspace and housing shortages, office-to-residential conversions have emerged as a creative means of killing two birds with one stone. More than 3,000 housing units in Dallas were created by conversions between 2021 and 2024, making the city one of the nationwide leaders in adaptive reuse.…
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Unpacking Nuveen Green Capital and CDPQ’s Game-Changing C-PACE Financing Program
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…
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How Texas Property Owners Can Maximize Energy Savings by Pairing C-PACE Financing with TNMP’s Commercial Solutions Program
As the single-largest operating expense for many commercial buildings, finding ways to curb energy consumption should be top-of-mind for most property owners. In Texas, plenty of financial incentives exist that make the incorporation of energy efficiency more manageable. One incentive available to thousands of Texas property owners is the Commercial Solutions program offered by Texas…
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Pairing 179D with C-PACE can Supercharge Investments in Energy Efficiency
A nearly 20-year-old tax deduction for sustainable building practices is seeing a new wave of demand following federal action to expand the incentive. First codified in 2006, the Energy-Efficient Commercial Building Property Deduction, known colloquially as the 179D, acts as an accelerated depreciation deduction for energy-efficient upgrades, such as improved HVAC, lighting and building envelope…
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6 Reasons Why Senior Lenders Should Consent to C-PACE Financing
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…
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Using C-PACE Financing in Place of More Expensive Mezzanine Debt
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…
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C-PACE Gains Growing Relevance in CRE Capital Stack
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…