Carlyle Backs North Bridge with Up to $1B to Drive C-PACE Loans

Global investment firm Carlyle has made a strategic investment into North Bridge ESG LLC, a New York City-based provider of real estate finance solutions, with a commitment to provide up to $1 billion to facilitate the origination of commercial property assessed clean energy (C-PACE) loans by North Bridge. This partnership leverages Carlyle’s strategic growth, real estate and asset-backed finance expertise and enables North Bridge to address evolving market needs on a larger scale.  

North Bridge provides C-PACE financing to institutional borrowers in major markets nationwide. As a private credit solution with flexible terms, C-PACE is increasingly sought after for its accretive benefits to commercial real estate capital stacks.  

“Carlyle’s $1-billion commitment to C-PACE, the largest to date, enables North Bridge to lead the transformation of the industry to better meet the needs of institutional sponsors and their lenders.” said Laura Rapaport, founder and CEO of North Bridge.

Where is capital being sourced, and what risks are being taken in the current market? Learn from local and national finance leaders about how deals are getting done in the Tri-State Multifamily market. Don’t miss this opportunity at Connect Tri-State Multifamily on October 1 at Tishman Speyer’s Studio Gather, 45 Rockefeller Center.