Why a niche category of CRE lending is suddenly seeing record deals
- C-PACE stands for commercial property assessed clean energy and is a type of financing that differs from a traditional bank loan.
- The amount of the loan is added to the property’s tax bill and repaid over a long period — and it can make energy-saving projects more affordable.
- Growth has accelerated over the past five years as more states pass policies enacting the program and more owners and lenders adopt the tool for financing projects.
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
A specific kind of loan that helps owners of commercial buildings pay for big upgrades to save energy or water, add renewable power, or improve resilience is seeing huge growth in a lending environment that has been arguably tough.
This month, Nuveen closed a $465 million C-PACE deal for The Geneva, a landmark office-to-residential conversion in Washington, D.C. The transaction represents the largest C-PACE financing in history.
Read the full story: https://www.cnbc.com/2026/01/23/c-pace-cre-lending-record-deals.html
