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Nuveen Green Capital And Lone Star PACE Provide $5.5 Million Loan To Convergent Capital Partners

Property Image
FINANCED
$5,500,000

Texas

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Office1,100,000 SF
Financed 10/28/2025
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Property Image
FINANCED

Nuveen Green Capital And Lone Star PACE Provide $5.5 Million Loan To Convergent Capital Partners

600 Las Colinas Boulevard East

See Similar Deals
Office1,100,000 SF
Financed 10/28/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$5
Total Square Footage:1,100,000 SF
Transaction Type:Loan

The asset involved in this transaction is an office property located at 600 Las Colinas Boulevard East in Irving, Texas. The total square footage of the property is 1,100,000 square feet. The transaction is characterized by a loan amount of $5,500,000 designated for energy-efficiency upgrades.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,500,000
  • Address: 600 Las Colinas Boulevard East
  • Market: Irving
  • Lender: Sean Ribble - Nuveen Green Capital; Lee McCormick - Lone Star PACE
  • Landlord: Convergent Capital Partners

This financing arrangement included C-PACE funding specifically tailored for improvements to HVAC and automation systems already completed in 2024. The energy-efficiency upgrades are expected to reduce electricity consumption by 10% and potentially lead to savings of $7.3 million over the next 24 years.

Players

Lone Star PACE
Lone Star PACE
BROKERAGE
SR
Nuveen Green Capital
Sean Ribble
9 deals$193.1M volume
LENDER
Lone Star PACE
Lone Star PACE
LENDER
Nuveen Green Capital
Nuveen Green Capital
LENDER
CP
Convergent Capital Partners
LANDLORD

Details

FINANCED
IMAGE: Sean Ribble & Lee McCormick DATE: 10/28/2025 ADDRESS: 600 Las Colinas Boulevard East MARKET: Irving ASSET TYPE: Office ~ SF: 1,100,000 LENDER: Sean Ribble - Nuveen Green Capital; Lee McCormick - Lone Star PACE LANDLORD: Convergent Capital Partners LOAN AMOUNT: $5,500,000 NOTE: Nuveen Green Capital and Lone Star PACE provided $5.5 million in C-PACE financing for energy-efficiency upgrades at the 1.1 million-square-foot office tower at 600 E. Las Colinas Blvd. in Irving, Texas. The funding, arranged for Convergent Capital Partners, retroactively covers HVAC and automation improvements made in 2024 and is expected to cut electricity use by 10% and save $7.3 million over 24 years.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,500,000.00

Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00