North Bridge

Watch North Bridge at NYU Schack Institute of Real Estate’s 8th Annual Conference on Sustainable Real Estate – Live streaming tomorrow! North Bridge Founder & CEO Laura Rapaport will join the?"Finance for Social Impact: Green Solutions for Equity and Development"?panel at?10:05 AM ET on Wednesday, March 5. Laura will be discussing how profitability and purpose can go hand-in-hand, alongside David Davenport, Kelly Souza, and Robert Shoetz. With in-person tickets?sold out, we invite you to?tune in via livestream?and be part of this critical conversation. The full-day conference will feature: ?? 14 NYU schools and departments contributing expertise ?? 15 panels covering key topics in sustainable real estate ?? 80 speakers from industry and academia sharing insights ?Watch live here:?https://lnkd.in/eB_Ezcy8 #CPACE #SustainableFinance #CRE

Will the new Federal Administration affect the availability of C-PACE? The short answer is no, and here’s why: 1. C-PACE is Privately Funded C-PACE financing is entirely backed by private credit, with no reliance on government funding or tax incentives. While counties and cities partner with capital providers (like?North Bridge) to record assessments and sometimes facilitate payment collection, they play a minimal role in determining which projects are funded or how much capital is available. 2. State Legislation with Bipartisan Support C-PACE is made available through state legislation, which now exists in over 40 states across the political spectrum. Once enacted, it is highly unlikely that these laws will be changed or repealed. In both red and blue states, C-PACE is lauded for increasing building efficiency and resiliency and as a powerful driver of job creation and economic development. Good news for developers, cities, and all those who care about the environment: C-PACE is here to stay.

State legislators in New Hampshire started 2025 with a bi-partisan win to establish #CPACE in an effort to spur housing development as early as this summer. The Canary Media Inc. article reinforces what North Bridge has observed in the market—traditional lenders are increasingly embracing C-PACE: “Banks have also gained a lot of experience with these loans in the 15 years since the original law passed and are more comfortable with the model now.” “If a developer uses C-PACE to finance the energy components of a new build — heat pumps, solar panels, insulation, efficient windows — they can take out a smaller mortgage for the construction and need less equity to fund the development….It’s just benefit after benefit” Read more here: https://lnkd.in/ei7Sj6fv

Please check out our new blog post about the growth of PACE.?It is a critical financial tool for many commercial real estate developers and poised for greater impact! https://lnkd.in/g2KuKcrB

At North Bridge, we know that when women lead, industries transform. Today, on International Women’s Day, we recognize the women who continue to drive progress in our industry, shaping its future with vision, resilience, and determination. From those who broke down barriers before us to those making an impact today, their leadership paves the way for the next generation. We are proud to work alongside women who challenge the status quo, open doors for others, and redefine what’s possible. Here’s to the innovators, the changemakers, and the trailblazers—past, present, and future. Amy Rose Andrea Himmel Ashley Mays Beth Wolfowitz Caissa Martinez Carleigh Bettiol Danielle Axelrod Helena Durst Ilana Ettinger Johanna Greenbaum Julia Murphy AIA, LEED AP Katherine Kelman Kaitlin McCarthy Katie Kinney Laurie Grasso Lauren Sanders Laura Rapaport Lauren Cahill Leslie Himmel Madison Vitale Mary Ann Tighe Melissa Román Burch Melissa Cohen Morgan C.B. Miles Onay Payne Rachel King Rachel Loeb Samantha Rudin Sara Fay Sarah Hawkins Sarah Pontius Sevinc Yuksel Susana Iannicelli Susannah Shaw, P.E., MBA ARX

Virginia’s C-PACE market is thriving, offering property owners and developers a powerful capital markets solution. North Bridge simplifies the path to C-PACE financing, ensuring projects meet program requirements and secure the funding they need. We’re proud to be featured on the?Virginia PACE Authority?website this month as a trusted capital provider that is enabling sustainable development across the state. If you have a project in Virginia, let’s connect—North Bridge is here to help you unlock the full potential of C-PACE. https://virginiapace.com/. #CPACE #CRE #privatecredit

Everything is Bigger in Texas—Including C-PACE LTV! Big news for C-PACE financing in Texas! The?Keeping PACE in Texas Underwriting Working Group?has officially updated the?Texas PACE Program’s Underwriting Standards, bringing key changes that enhance clarity and alignment with banking regulations. The biggest shift??LTV is increasing from 25% to 35%, giving property owners and developers access to?more capital?for energy efficiency, resiliency, and sustainability projects. In classic Texas fashion,?bigger is better—and now, your C-PACE financing can go further than ever. At?North Bridge, we stay ahead of industry shifts to provide?tailored C-PACE financing solutions. Let’s talk about how these updates can unlock?bigger opportunities?for your next project! #CPACE #Texas #BiggerIsBetter

PERE Credit on C-PACE: A Capital Stack Game Changer PERE Credit highlights how C-PACE financing is reshaping real estate capital stacks by offering low-cost, long-term capital for projects that exceed code. Unlike mezz debt or preferred equity, C-PACE provides long term, fixed-rate, non-recourse financing that enhances leverage without straining cash flow due to generous CAP-I and I/O periods through stabilization. As financing costs rise, PERE Credit sees C-PACE as a key tool for developers optimizing up to 35% of their capital structure while meeting sustainability goals. Read more: https://lnkd.in/gaXwMKFR #PERECredit #CPACE #RealEstateFinance #SustainableInvesting #CRE

More great press on?AREA15! Last month we announced the project's full financing structure, in conjunction with?Fisher Brothers and?ACORE CAPITAL, which included $108 million in C-PACE financing from North Bridge. It's fantastic to see this milestone, with 60% of the retail space now pre-leased -- check out this piece from?InPark Magazine to learn more about their exciting new tenants: https://lnkd.in/erWKRaPh

“We love figuring out how to come in and optimize the capital stack. At the end of all that problem solving, the result is better, greener buildings” said North Bridge Founder & CEO Laura Rapaport in the February issue of PERE Credit’s C-PACE Report. C-PACE financing is rapidly gaining market share across North America. Read more about how commercial real estate borrowers are increasingly looking at C-PACE financing to fill the gap in capital stacks in a constrained lending environment:?https://lnkd.in/gcB3yUqp #CPACE #Privatecredit