C-PACE, a financing tool for energy-saving upgrades, has seen significant growth, with nearly $10 billion invested between 2009 and 2024. Nuveen alone closed $2.1 billion in C-PACE loans in 2025. Peachtree closed its largest deal, a $176.5 million loan for the Rio Hotel & Casino, using C-PACE for renovations.

The growth of C-PACE is driven by more states adopting programs, market education, and investor interest. Lenders are attracted to the resilience aspect of C-PACE loans, which can fund energy-efficient upgrades and improve a property’s value. C-PACE loans can also increase a building’s resilience against natural disasters like floods and fires.

Read more at CNBC: C-PACE CRE lending is suddenly seeing record deals