Crux Secures $500 Million Debt Financing From Nuveen For Clean Energy Projects
Building Size
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Asset Type
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Closing
May 14, 2026
About this deal
AI
New York-based Crux has secured a $500 million debt financing facility from Nuveen to expand investments across solar, infrastructure, and other clean energy projects in the US.
Summary of transaction details:
- Deal Type: Debt Financing
- Transaction Amount: $500,000,000
- Company Founders: Alfred Johnson, Allen Kramer
- Investor: Nuveen
- Headquarters: New York
Crux was founded in 2023, focusing on tax equity and financing solutions for renewable energy projects. CEO Alfred Johnson highlighted that the company's AI-powered underwriting platform enables rapid scaling in response to increasing demand for hybrid tax equity financing.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93