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C-PACE
The private credit markets are changing rapidly. Here’s what to look for next.
The Stern Center for Sustainable Business believes New York’s largest banks and lenders will play a key role in a broader decarbonization strategy.
A growing number of commercial real estate managers have launched or expanded their lending platforms over the past three to six months.
C-PACE has become an attractive tool for sponsors and developers looking for capital, argues Petros co-founder and CEO Mansoor Ghori.
Demand for C-PACE financing is set to increase as US cities introduce stricter environmental rules for real estate.
Commercial real estate owners are making increasing use of the public-private sustainable financing mechanism in a liquidity-constrained market, says Nuveen president and CEO Jessica Bailey.
It is still early days for sustainable lending in the US, but the growth of C-PACE and green lending indicates the direction of travel.
Proposed changes to existing regulations are expected to make it easier for sponsors to obtain this emerging form of financing.
More C-PACE records are being set as sponsors seek lower-cost capital for construction and retrofit projects.
Six insurance firms allocated $525m to finance energy efficiency and sustainability projects.