What is it?
DirectLenderMatch classifies Commercial Property Assessed Clean Energy (C-PACE) under the financing form “Assessment-backed financing.” Its typical use in this directory is: Finance energy/resilience improvements or eligible new construction.
How does it work?
The structure is generally evaluated, supported, or secured using the following basis: Property tax assessment/lien + eligible improvements. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.
What can it be used for?
Finance energy/resilience improvements or eligible new construction.
What backs or supports it?
Property tax assessment/lien + eligible improvements.
Why does this structure exist?
This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.
Important considerations
Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.
Is this actually a loan?
Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.
Verified lenders or providers
Direct C-PACE capital provider
Nuveen Green Capital
Nuveen Green Capital is currently originating C-PACE financings, including a record 2026 transaction. / Nuveen Green Capital closed a $465 million C-PACE financing in January 2026.
Official evidence page 1 → Official evidence page 2 →Last verified: 2026-08-23
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