Greenworks Lending, LLC

Nuveen Green Capital, formerly known as Greenworks Lending, is a leading provider of sustainable financing solutions for commercial real estate. The company specializes in Commercial Property Assessed Clean Energy (C-PACE) financing, which allows building owners to fund energy efficiency, renewable energy, water conservation, and resiliency projects. This financing is secured by a special assessment on the property and is repaid over the long term through property tax bills.

The company was founded in 2015 by Jessica Bailey and Alexandra Cooley, who were pioneers in the C-PACE industry and helped design the first statewide C-PACE program in the United States. Their experience in both the public and private sectors, including roles at the Connecticut Green Bank and the Rockefeller Foundation, shaped the company's foundation. In 2021, Greenworks Lending was acquired by Nuveen, the investment management arm of TIAA, and rebranded as Nuveen Green Capital. This acquisition expanded the company's capabilities and integrated it into a larger asset management platform. As of recent data, the company has originated over $3 billion in financing across the nation.

Nuveen Green Capital serves commercial, industrial, and multifamily property owners seeking to improve their buildings' sustainability and financial performance. The business model centers on originating and servicing these specialized loans, offering a comprehensive platform that includes in-house underwriting, legal, and asset management services. Its key offering, C-PACE financing, provides up to 100% of the capital needed for green building upgrades, with benefits such as increased property value, lower operating costs, and improved tenant comfort.

Keywords: C-PACE financing, sustainable real estate, commercial property, green energy loans, energy efficiency finance, renewable energy funding, water conservation, resiliency projects, Nuveen, property assessed clean energy