“Nuveen Green Capital’s C-PACE financing reduced the required equity, increased return on equity, and decreased overall cost of capital.”
Increase return on equity by decreasing cost of capital
C-PACE for new construction & gut rehab
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Reduces Cost of CapitalC-PACE financing significantly reduces the cost of capital and is 50% less expensive than mezzanine debt.
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Fills Equity GapsC-PACE financing fills equity gaps in development capital stacks.
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Decreases Weighted Average Cost of CapitalC-PACE financing increases ROE, bridges equity gap, and preserves equity.
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Program benefits
- Fixed rate construction through term
- Cannot be accelerated (called due)
- Tax assessment structure may allow pass-through on NNN leases, room surcharges
- Over 250 Consenting Lenders
View Our List of Consenting Lenders
- Obligation may transfer on sale or be prepaid
- Non-recourse
- Works well with new market and historic tax credits
- Does not work with government ownership, government ground lease, existing CMBS or SBA loans
C-PACE for new construction & gut rehabs
$40 million mixed-use new development
$40 million senior living new construction
$12.3 million mixed-use new development
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This testimonial was provided by a current client, and no direct or indirect compensation was given in return. No material conflicts of interest exist on the part of the individual giving the testimonial, resulting from their relationship with the adviser. Results experienced by Michael Tomko and/or The Tomko Company may not be representative of the experience of other clients and there is no guarantee of future performance or success.
*Total assets under management (AUM) as of 1/1/2025
**The United States Department of Energy: 2016 C-PACE Report, lists the Connecticut C-PACE program as the first statewide C-PACE program in the U.S.