Episode
How C-PACE Is Filling a Growing CRE Financing Need
- Podcast
- GlobeSt Perspectives Podcast
- Published
- Mar 7, 2025
- Duration seconds
- 808
- Processing state
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Summary
Many commercial real estate owners are pursuing C-PACE as a construction financing solution for its accretive benefits. While the program has been around for more than 15 years, C-PACE financing has gained popularity in recent years. According to the C-PACE Alliance, the C-PACE market reached nearly $10 billion as of the end of 2024. Nuveen Green Capital was responsible for close to half of all C-PACE originations in 2024. We sat down with Jessica Bailey, president and CEO of Nuveen Green Capital, who was recently named a 2025 Rainmaker in CRE Debt, Equity and Finance by GlobeSt.com, to take a closer look at C-PACE financing and its benefits for borrowers. In the conversation, we discuss: C-PACE's appeal and flexibility for a variety of projects and the innovative ways it can be structured, Why owners shouldn't be concerned that C-PACE attaches to the property's tax bill, How C-PACE can be used for resiliency projects to help mitigate climate risk, and Where C-PACE financing is expanding and an outlook on the future.