Twain Financial Partners Closes Rated Securitization of Commercial PACE (C-PACE) Assets

C-PACE financing allows for commercial property owners to obtain long-term, fixed-rate financing for energy efficient components of new construction, historic rehabilitation, and energy retrofit projects. The financing is repaid as a special assessment levied against the property and collected in the same manner as property taxes. Twain Financial has originated and funded C-PACE transactions in seven states across numerous industries and asset classes.

“We are excited to partner with Twain on this transaction and expand our investment in the C-PACE market,” said Chris Miller, Director, Private Investments at Nuveen.

“This transaction represents a huge accomplishment for Twain and the commercial PACE industry as a whole,” said Andy Meyer, Twain’s Director of PACE Financing. “We believe this transaction showcases the strength of Twain’s underwriting criteria and our reputation in the C-PACE market as an innovative capital provider dedicated to spurring economic development.”  

As a low-cost, long-term source of capital for new construction and adaptive re-use projects that can be passed through to tenants or end users in certain cases, the C-PACE market has experienced significant growth in the last several years.

About Twain Financial Partners:

Twain Financial Partners is an investment management firm located in St. Louis, MO with more than $4 billion in assets under management within the public-private partnership sector. Twain specializes in C-PACE financing, state and federal historic tax credit investments, and state low-income housing tax credit investments.