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A wave of major commercial real estate deals are incorporating C-PACE financing that lets owners spread energy conservation costs across long-term property tax payments, a practice that is gaining acceptance from more state governments across the country.

Island Waterpark at Showboat, a 120,000 sq. ft. water park and entertainment center in Atlantic City, New Jersey, secured a $45.5 million C-PACE loan through PACE Loan Group. It's the first C-PACE loan to close in New Jersey’s new C-PACE program on Dec. 31, 2025.

From closing the largest C-PACE financing and loan deal in Missouri and the first deal in New Jersey, to hiring four new originators in Dallas and San Francisco, 2025 was a year of expansion for PACE Loan Group that set up a springboard for 2026.