Nuveen Green, LONE Star PACE Provide $21.9M C-PACE Loan for Multifamily Project in Princeton, Texas

by Taylor Williams

PRINCETON, TEXAS — Nuveen Green Capital and Lone Star PACE have provided $21.9 million in C-PACE (Commercial Property Assessed Clean Energy) financing for Ironwood at Princeton, a multifamily project that will be located northeast of Dallas. Ironwood at Princeton will total 306 units across 14 buildings. The financing is expected to translate into annual electricity and water reductions of 25 and 20 percent, respectively. The borrower was not disclosed.

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