Denver-based Lever Energy Capital has launched one of the largest dedicated Commercial Property Assessed Clean Energy (C-PACE) ventures.
The firm will now be able to originate $500 million in C-PACE financings for sustainable commercial real estate.
The venture is a partnership with Crescent Real Estate, a real estate investment and development company.
C-PACE financing is a new program that is helping commercial, industrial and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings. The new fund will allow the venture to help more property owners finance energy efficiency, water conservation, renewable energy, and hazard mitigation upgrades, according to news sources.
