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Submitted URL: https://c-pace.greenworkslending.com/e/832193/n-for-clean-energy-real-estate/28by45/563718558?h=JQNk5N6UTaH1q7S92sGRXWbifstoK1bXIaaNE...
Effective URL: https://www.bloomberg.com/news/articles/2018-12-03/greenworks-arranges-440-million-for-clean-energy-real-estate
Submission: On March 07 via api from US — Scanned from DE
Effective URL: https://www.bloomberg.com/news/articles/2018-12-03/greenworks-arranges-440-million-for-clean-energy-real-estate
Submission: On March 07 via api from US — Scanned from DE
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Enable Later Subscriber Only Markets Climate changed GREENWORKS ARRANGES $440 MILLION FOR CLEAN-ENERGY REAL ESTATE * Company sells $150 million in bonds for sustainability * CarVal commits $250 million and makes $40 million investment Photographer: Bess Adler/Bloomberg By Brian Eckhouse +Follow December 3, 2018, 10:52 PM GMT From LISTEN TO THIS ARTICLE 1:00 SHARE THIS ARTICLE Copied Follow the authors @brianreports + Get alerts forBrian Eckhouse Greenworks Lending, which provides financing to commercial-property owners working to boost building efficiency, has arranged $440 million in funding for sustainability and clean energy. The deals are in three parts: CarVal Investors committed $250 million to fund new projects, along with a $40 million corporate investment, according to a statement Monday. Greenworks, which finances clean-energy systems through a model called PACE that is repaid through property-tax assessments, also sold a second set of bonds worth $150 million. It completed its first such bond sale about 14 months ago. SHARE THIS ARTICLE Copied Follow the authors @brianreports + Get alerts forBrian Eckhouse LIVE ON BLOOMBERG Watch Live TVListen to Live Radio Terms of Service Manage Cookies Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help