Lone Star PACE Provides $15M in C-PACE Financing for Houston Retail Property

HOUSTON — Lone Star PACE has provided $15 million in C-PACE financing for a 53,000-square-foot retail property located within The Allen mixed-use development near downtown Houston. Lone Star PACE partnered with lender Nuveen Green Capital to administer the financing. Locally based developer DC Partners owns The Allen. C-PACE (commercial property-assessed clean energy) financing allows commercial borrowers to obtain favorable loan terms in exchange for implementing eco-friendly devices and initiatives at their properties.