Nuveen's Green Lending Fund II

July 19th 2024

Welcome to C-PACE Weekly, your go-to source for the latest insights, updates, and opportunities in the C-PACE industry. Now, let's move on to the latest C-PACE news!

Nuveen Set to Deploy $775M of C-PACE as Green Lending Gains Traction

Nuveen is excited to present the latest edition of our quarterly newsletter. Q2 of 2024 was marked by further growth and impressive milestones for Nuveen Green Capital. Nuveen closed its largest C-PACE deal ever, which they look forward to announcing in the coming weeks, and announced the closing of $775 million in new capital commitments to its C-PACE platform – resulting in a total of $1.3 billion in C-PACE investment, or AUM, in the Nuveen Green Capital platform, closed over the last 12 months.

Read more here.

Peachtree Group Closes $10.7M of C-PACE for Nashville Office Development

“For eligible projects, CPACE financing remains one of the most attractive options to bring a project to completion,” said Jared Schlosser, Peachtree’s executive vice president and head of CPACE. “We are pleased to assist Division Street Development in securing the final piece needed to complete the financing puzzle for their office development.”

Read more here.

Barings & CounterpointeSRE Provide $165M in Construction Financing, including $63.3M of C-PACE for The Corbin District - Phase II in Darien, CT

Barings, one of the world’s largest diversified real estate investment managers, announced today that it has provided a $102 million construction loan alongside $63.3 million in C-PACE financing from Counterpointe Sustainable Real Estate for the development of The Corbin District – Phase II in Darien, Connecticut. Baywater Properties, which completed Phase I of the project in 2022, has launched the second phase of construction to enhance Darien’s downtown core further.

Learn more here.

New Hope for NYC’s Struggling C-PACE Program

At the outset of the program, only existing buildings were eligible to qualify for a C-PACE loan - no new construction or buildings with ground leases. Even after the city opened up the program to new construction last year, state guidelines subsumed those rules requiring projects to prove a dollar of savings for every dollar of C-PACE money sought. This is known as the savings-to-investment ratio, or SIR.

Learn more here.

Lone Star PACE Hires Tenured Communications Strategist to Lead Marketing Efforts

Lone Star PACE, a leading administrator of Texas’ Property Assessed Clean Energy program, is pleased to announce the appointment of award-winning journalist and editorial strategist Olivia Lueckemeyer as the company's marketing and media relations director.

Olivia brings more than a decade of strategic communications experience to Lone Star PACE. In her new role, she will develop and execute comprehensive marketing campaigns to educate property owners, capital providers, and municipalities about the benefits of PACE. She will also focus on increasing the firm's visibility to attract new business and strengthen relationships within the industry.

Read more here.

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About C-PACE.COM

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C-PACE.COM was founded by investment professionals with meaningful experience in real estate investment banking, private credit, private equity, and development. Through C-PACE Financing, we seek to reduce the carbon footprint created by commercial real estate and generate superior risk-adjusted returns for our clients.

At C-PACE.COM, we are the #1 Trusted Source for C-PACE loans and actively lend across all asset types and geographies in the U.S.

If you have any questions regarding C-PACE or want to discuss your project further, drop us a line → [email protected].

Thanks for reading!

Cheers,
Jonathan Seabolt
Founder & CEO
C-PACE.COM