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The $76.2m package will refinance a luxury hotel in Santa Fe, New Mexico.
The private equity manager is taking a minority stake in North Bridge as part of the deal.
The live-work development’s funding includes a $155.5m C-PACE component.
Sustainable office properties are gaining favor with tenants, but financing the conversions remains difficult for small- and mid-market owners.
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.
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.
As lenders look at the next generation of buildings, data and science are helping to shape strategies.
The financing is one of the final deals of 2022 for Square Mile, a New York-based investment manager.