How C-PACE Is Filling a Growing CRE Financing Need
Episode description
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:
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C-PACE’s appeal and flexibility for a variety of projects and the innovative ways it can be structured,
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Why owners shouldn’t be concerned that C-PACE attaches to the property’s tax bill,
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How C-PACE can be used for resiliency projects to help mitigate climate risk, and
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Where C-PACE financing is expanding and an outlook on the future.