After years of steady expansion, C-PACE is now deployed in nearly every major U.S. market. In 2025, C-PACE financing firmly moved into the mainstream of commercial real estate finance, with average project funding exceeding $11 million nationwide.
Demand has surged as C-PACE proves its value across asset classes, from hospitality and multifamily to office conversions and large mixed-use developments. C-PACE is now regularly solving for capital needs across the building lifecycle, including a full capital stack solution from PACE Equity offering senior mortgage debt alongside C-PACE in an integrated structure.
Here are some highlights as we look back on 2025, reflecting the industry transition of C-PACE to a critical tool enabling development, renovations, and recapitalizations in the dynamic and ever-changing CRE market.
Transaction of the Year – MHN Excellence Award
$7.2 Million New Construction of Luxury Co-Op
Refinance Solution of the Year – Proptech Magazine
$22.5 Million Recapitalization of D.C. Hotel
First Integrated Mortgage Transaction: Jefferson Ownsby Complex
The Jefferson Complex marked the inaugural transaction under PACE Equity’s Integrated Mortgage Financing Solution, receiving $23.5 million in C-PACE funding. This integrated solution delivered a high-leverage LTC, allowing the developer to maintain 100% GP ownership.
Notable Transaction: The Vision on Fifteenth
$10 Million Pittsburgh Office and Retail Recapitalization
Notable Transaction: Park Central Plaza Offices
$11.6 Million Downtown Denver Office Recapitalization
Large Asset C-PACE Financing: SkyRidge Resort
PACE Equity’s largest transaction to date, the SkyRidge Resort is a premier mixed-use development in Deer Valley, Utah. The development team leveraged C-PACE financing to recapitalize the project mid-construction, allowing them complete construction without raising additional equity.
Finance Innovation Award
Lower-rate CIRRUS C-PACE financing for green-certified buildings.
Non-Bank Lender of the Year
Proven process with end-to-end transaction management.
PACE Equity is Awarded ‘Best Places to Work in CRE’ by Globest.
The best people work at the “Best Place to Work” – and our customer satisfaction scores reflect that.