Nuveen Green Capital Closes $173M C-PACE Loan on Miami-Area Condos Project
The continued strength of Commercial Property Assessed Clean Energy (C-PACE) debt as a construction financing tool has made a big splash in South Florida. Miami developer Shoma Group has landed a $172.5 million C-PACE loan from Nuveen Green Capital to develop its Shoma Bay…
The continued strength of Commercial Property Assessed Clean Energy (C-PACE) debt as a construction financing tool has made a big splash in South Florida. Miami developer Shoma Group has landed a $172.5 million C-PACE loan from Nuveen Green Capital to develop its Shoma Bay…
BELLINGS Intelligence Score: 12
Why it matters
This $173M C-PACE loan is a notable example of green construction financing but represents routine market activity with limited systemic or broad credit-market impact.
Sources
Commercial Observer
Nuveen Green Capital Closes $173M C-PACE Loan on Miami-Area Condos Project
The continued strength of Commercial Property Assessed Clean Energy (C-PACE) debt as a construction financing tool has made a big splash in South Florida. Miami developer Shoma Group has landed a $172.5 million C-PACE loan from Nuveen Green Capital to develop its Shoma Bay…