Nuveen Green Capital Closes $173M C-PACE Loan on Miami-Area Condos Project
Why this matters
Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The fourth Miami story tracked on the wire in September 2026. All Miami coverage →
- Disclosed capital deal value tracked in September 2026: $2.2B across 3 reported transactions.
- 17 stories mentioning Nuveen on the wire in the past 90 days. Nuveen coverage →
Computed from Real Estate Trail’s own tracked coverage
The continued strength of Commercial Property Assessed Clean Energy (C-PACE) debt as a construction financing tool has made a big splash in South Florida. Miami developer Shoma Group has landed a $172.5 million C-PACE…
External link. Real Estate Trail does not republish source content.
Related coverage — Miami · Capital
Terra Nabs $245M Permanent Loan for 47-acre Project in Miami-Dade
Terra has secured a $245 million permanent loan for the first phase of a 47-acre transit-oriented development near the edge of Miami-Dade County, the Miami-based development firm announced. The financing from Slate Pr…
Citadel Care Centers Lands $51M to Build Nursing Facility Near Aventura
Citadel Care Centers broke ground on a skilled nursing facility in North Miami Beach, Fla., after securing a $50.9 million loan, property records show. The financing from PNC Bank covers a 3.2-acre site, occupying a f…
CLUB MED INVITES SKI ENTHUSIASTS AND SNOW-CURIOUS TRAVELERS TO HIT THE SLOPES WITH ITS BIGGEST SKI SALE OF THE YEAR
For 15 days only, "Ski Days" offers travelers up to $1,040 in instant savings at participating resorts in the French Alps and at Club Med Québec-Charlevoix, plus 25% off select Club Med Québec-Charlevoix stays. MIAMI,…
SCALE Lending Provides $245M Loan for First Phase of Upland Park Apartments in Miami
MIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in Miami’s Sweetwater…
Terra Lands $245M Financing for Newly Completed Upland Park Development
Terra secured $245 million in permanent financing for the newly completed first phase of Upland Park, a $1 billion, 47-acre mixed-use transit-oriented development in West Miami-Dade County. Slate Property Group provid…
Avison Young Arranges $86M Sale of 14-Property Small-Bay Industrial Portfolio in Doral, Florida
DORAL, FLA. — Avison Young has arranged the $86 million sale of a 14-property small-bay industrial portfolio in Doral, a western suburb of Miami. The price equated to $296 per square foot. The portfolio, which is loca…