DENTON, Texas, Dec. 18, 2025 (GLOBE NEWSWIRE) — Petros PACE Finance, the preeminent direct originator of balance-sheet funded C-PACE lending in the country, alongside Lone Star PACE, the leading administrator of C-PACE financing in Texas, today announced the closing of a $3.6 million C-PACE assessment for a six-building industrial development in Denton.
The 107,000-square-foot project will deliver modern, flexible industrial space to support the region’s continued population and business growth. The sponsor is leveraging C-PACE financing to fund the energy-efficient building envelope and lighting systems. These measures are projected to reduce energy usage by 37% annually, significantly lowering operational costs while improving long-term asset performance.
Andy Weber, VP Originations at Petros PACE Finance, said, “This closing reflects the flexibility of C-PACE financing as a tool to enhance the capital stack and improve overall project economics, while underscoring Petros’ role as a committed partner to property owners and developers. Our expertise allows us to structure solutions that meet specific financing needs and keep the process efficient from start to finish.”
Commercial Property Assessed Clean Energy (C-PACE) is an innovative financing mechanism that enables property owners to fund energy efficiency, water conservation, and renewable energy improvements through a voluntary assessment placed on the property.
The program offers long-term, fixed-rate, non-recourse financing that can improve cash flow, reduce operating expenses, and increase asset value. Because the assessment runs with the property, C-PACE can be transferred upon sale, making it a flexible and attractive capital solution for both new construction and retrofit projects.
Lee McCormick, President of Lone Star PACE, said: “C-PACE continues to be a powerful tool for new construction in high-growth markets like Denton. By supplementing the capital stack with low-cost, long-term, and flexible financing, developers can reduce their overall weighted cost of capital while investing in efficiency upgrades that benefit the asset and further the county’s sustainability goals. We’re pleased to support this project alongside our partners at Petros PACE Finance.”
About Petros PACE Finance
Petros PACE Finance, LLC is a national real estate financing leader with deep capital markets expertise, using C-PACE to structure and fund fixed-rate, low-cost bridge, construction-to-perm and takeout financing for commercial property owners and developers. A platform portfolio investment of Apollo Global Management, Petro’s executive leadership team has deep experience in private credit and structured finance, supported by long-term institutional investor relationships. Petros works closely with owners and developers to align financing with long-term ownership strategies, lower the cost of capital, and support execution of their business plans through flexible terms. With billions in committed capital, Petros provides certainty of close for transactions in eligible C-PACE markets nationwide. To learn more about Petros PACE Finance visit our website at www.petros-pace.com.
About Lone Star PACE
Lone Star PACE serves as a program administrator for city and county Commercial Property Assessed Clean Energy (C-PACE) programs in Texas. LSP helps local governments, economic development corporations, chambers of commerce and trade associations promote economic development and resource conservation by facilitating C-PACE projects alongside property owners, C-PACE capital providers, contractors and other stakeholders. The company’s goal is to promote sustainability as well as increased property values while positively impacting cash flow and utility savings. For more information, visit www.lonestarpace.com.
Media Contacts
Katie Russo
Communications Consultant at ThroughCo Communications
krusso@throughco.com
Olivia Lueckemeyer
Director of Marketing & Media Relations at Lone Star PACE
Olivia@LoneStarPACE.com
