News and Blog
Historic Plaza Hotel El Paso Undergoes Revitalization with Help from Texas C-PACE Program
Greenworks Lending will provide over $9M for energy saving elements of the gut rehabilitation. The Plaza Hotel, a historic Art Deco styled 19-story hotel built in 1930 in downtown El Paso, will be undergoing a multimillion-dollar gut rehabilitation. The hotel has been...
Greenworks Lending Recognized by the U.S. Department of Energy
This week, the U.S. Department of Energy (DOE) recognized Greenworks Lending as a financial ally goal achiever in the Better Buildings Challenge. The Better Buildings Challenge is a DOE program that works with market leaders to drive the acceleration of cost-effective...
Greenworks Lending Receives First-Ever Green Evaluation from S&P for C-PACE Assets
DARIEN, Conn., May 7, 2019 - Greenworks Lending, a specialty finance company dedicated to commercial property assessed clean energy (C-PACE), today announced that its first securitization of C-PACE assets, PACEWell 2 LLC, has received a Green Evaluation from...
Qualifying for the Solar Investment Tax Credit as it Ramps Down
In December of 2015, behind growing bipartisan support, Congress passed an extension of the Section 48 Investment Tax Credit (ITC) for solar equipment. The 30% ITC was set to expire at the end of 2015, a mere 13 days after the bill was signed into law. The...
Greenworks Impact Dashboard Q1 2019
PACENation Summit 2019
They say everything is bigger in Texas and this year’s PACENation Summit was no exception. The Greenworks team has just returned from Austin, where we were joined by 400 people representing 35 states across the United States. Having been present at the creation of...
A Growing Green Team
Greenworks Lending sets the stage for significant growth as it welcomes eight new team members in Q1, 2019. The expansion of the Greenworks Lending team can be attributed to the company’s continued growth, which was further facilitated by the company’s second rated...
Securitization and Corporate Investment
As 2018 came to a close, so did two significant capital events for Greenworks Lending. In sequence the firm announced that CarVal Investors committed $250 million to fund large scale projects and provided a $40 million corporate investment to Greenworks Lending. ...
C-PACE’s Three-fold Economic Development Showcased on Rooftop
(Above left to right: Jerry Keefe, CarVal Investors; Jayme Stevenson, First Selectman Darien CT; Jessica Bailey, Greenworks Lending; Jerry Nielsen, The Nielsen Company; U.S. Congressman Jim Himes; Rob Liflander, Peregrine Renewable Energy; Genevieve Sherman,...
Energy Efficiency Program Sparks Value CRE Investments – a look into Cleveland’s first C-PACE financed commercial property improvement
Cleveland's new commercial buildings and historic rehabilitations deserve attention, but as MAN Holdings CEO Amanda Mayan sees it, important opportunities exist in between as well - particularly among what she calls the “underperforming” category. “A great number of...
Greenworks Lending Wins Silver for Company of the Year at the Stevie Awards for Women in Business
Darien, CT -- Based on contributions to the growth of the commercial PACE industry and Greenworks Lending itself by management team members, Jessica Bailey, Ali Cooley, Genevieve Sherman, Rebecca Disbrow, and Tara Crotty, Greenworks Lending has been awarded the Stevie...
Insights From Bisnow’s “Denver New Construction and Development” Seminar
Greenworks Lending's head of new markets and partnerships Genevieve Sherman recently served as a panelist at Bisnow's "Denver New Construction and Development" seminar. Hosted at the Ritz Carlton in Downtown Denver, and surrounded by evidence of this city's growth...
Greenworks Impact Dashboard Q3 2018
C-PACE Program Versatility Drives Growth in Colorado
“Colorado is proving a very active market for Greenworks Lending,” declared Genevieve Sherman, head of new markets and partnerships. “We’ve financed eight projects in the state this year and taken as a whole, they demonstrate the versatility of C-PACE in Colorado...
The Hayden: A Columbus, OH Revitalization Showcases C-PACE in its Capital Stack
On Columbus Ohio's Capitol Square, a historic revitalization is taking place thanks to the vision of developer and property Owner, Michael Tomko, president of The Tomko Company, and the support of more than $4.6 million in C-PACE capital from Greenworks Lending. In...
Greenworks Lending and IncentiFind Form Partnership to Advance the use of Green Incentives with C-PACE Financing
Darien CT and Houston TX -- Greenworks Lending has partnered with IncentiFind to help commercial property owners quickly navigate the vast landscape of “green” incentives. Greenworks lending is a leading provider of capital to commercial real estate owners across the...
Greenworks Lending Launches in Florida to Provide Commercial PACE Capital to Building Owners
DARIEN, CT – Greenworks Lending today announced its entry into Florida in partnership with the Florida Development Finance Corporation (“FDFC”). Greenworks will offer Commercial Property Assessed Clean Energy (“C-PACE”) financing to 115 member municipalities across 17...
Greenworks’ C-PACE Financing of Auto Dealerships Featured in CT Post
In a Sunday Business feature, the Connecticut Post/Stamford Advocate profiled the success of Greenworks Lending's ability to finance auto dealerships, which are a particularly high consumer of energy (large spaces, lots of glass and bright lighting 24/7). In the...