Unpacking Nuveen Green Capital and CDPQ’s Game-Changing C-PACE Financing Program

Nov 1, 2024

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 […]

C-PACE Financing Can Help Recapitalize Maturing Debt 

Oct 25, 2024

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 […]

Pairing 179D with C-PACE can Supercharge Investments in Energy Efficiency  

Oct 4, 2024

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 […]

data center cabinet

Powering Texas’ Data Center Boom: How C-PACE Financing is Fueling the Future

Sep 24, 2024

Demand for data centers has never been stronger in Texas, where abundant land and cost-effective power have positioned regions like Dallas-Fort Worth to rival Northern Virginia as the nation’s epicenter for leasing and development.  Data center leasing reached record levels in DFW in 2023, with 530 megawatts absorbed over the course of the year – […]

Understanding the Role of Program Administrator in Texas C-PACE Financing 

Sep 9, 2024

The Texas PACE Act, signed into legislation in 2013, requires oversight and administration of Commercial Property Assessed Clean Energy (C-PACE) programs established by cities and counties. Despite the critical role played by a program administrator in ensuring an effective and successful project, there tends to be confusion around the role companies like Lone Star PACE […]

Using C-PACE to Drive Down Water Usage at Multifamily Properties

Aug 30, 2024

Multifamily property owners have grappled with a persistent set of challenges that have only intensified over the past two years. In addition to a slowdown in rental income and elevated interest rates, many have seen their operational expenses skyrocket to unprecedented levels.   One simple way to control costs is by analyzing and tackling a property’s […]

6 Reasons Why Senior Lenders Should Consent to C-PACE Financing 

Aug 22, 2024

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 […]

Using C-PACE Financing in Place of More Expensive Mezzanine Debt 

Aug 9, 2024

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 […]

C-PACE Gains Growing Relevance in CRE Capital Stack

Aug 1, 2024

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 […]

2024 Expected to be Another Record-Setting Year for PACE

Jun 25, 2024

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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