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.