4 big stories this week in C-PACE

This week in CPACE… 29th June 2024.

A joint venture between Machine Investment Group and Taconic Capital Advisors has landed $90.4 million of retroactive Commercial Property Assessed Clean Energy (C-PACE) financing for the recapitalization of two adjacent Hyatt-branded hotels in Los Angeles.

Nuveen Green Capital (NGC) provided a $49 million C-PACE loan on the sponsorship’s Thompson Hollywood hotel and $41.4 million of C-PACE financing for its Tommie Hollywood property. Proceeds from the debt package were used to refinance existing construction debt on both hotels while also addressing building improvements.

Read more here.

Peachtree Group announced $73M in CPACE financing.

Officials of Peachtree Group announced that the company originated $73 million in a construction loan and CPACE financing for the development of a 263-room dual-brand Home2 Suites and Tru by Hilton Hotel in San Diego, Calif., on behalf of Baxter Hotel Group, a San Diego‐based, vertically integrated real estate development and management company.

Read more here.

NC Senate passes CPACE funding program to make clean energy upgrades more access

"It's a monumental step in clean energy here in North Carolina," Abele said.

More than 38 states have already passed legislation for CPACE programs and more than $2 billion in projects have been financed nationwide, according to the Department of Energy.

Read more here.

To read the full senate bill you can here.

Nuveen Green Capital Finances $26.5 Million C-Pace Cold Storage Project

Clean Energy Real Estate Financing Firm Announces First C-PACE Funding in Jacksonville

Read more here.

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