Nuveen and Nuveen Green Capital launched a new fund, which has started with $525 million from six major insurance companies.
The focus is on C-PACE, which stands for Commercial Property Assessed Clean Energy, lending. C-PACE loans can help developers get some rate relief, particularly for construction and construction take-out bridge financing, both for new construction and, in some circumstances, retroactive financing.
Nuveen is the $1.1 trillion investment manager for TIAA, a financial services company that caters to academic, government, medical, cultural and other nonprofit fields. Nuveen Green Capital is a C-PACE lender that Nuveen acquired in 2021.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
