Nuveen Green Capital Provides $54 Million C-PACE Financing For Mixed-Use Property In Austin
2323 South Lamar Boulevard
$54,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 31, 2026
About this deal
AI
The asset involved in this transaction is located at 2323 South Lamar Boulevard in Austin. It is classified as a mixed-use property. The loan for this property totals $54,000,000, which is structured as a C-PACE loan with terms lasting 30 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $54,000,000
- Lender: Sean Ribble, Nicola Manware & Catherine Neave - Nuveen Green Capital
- Loan Type: C-PACE
- Loan Terms: 30 years
- Sponsor: Pearlstone Partners
- Existing Construction Loan Paid Down: $60,000,000
Nuveen Green Capital facilitated the financing for this property, allowing Pearlstone Partners to recapitalize and streamline their financial structure by paying down an existing construction loan and integrating long-term, fixed-rate capital into their capital stack.
Players
Austin Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93