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CleanFund A pool of $115 million assets involved 82 individual parcel tax assessments from coast to coast.

SAUSALITO, CA—Demonstrating the increasing appeal of commercial property-assessed clean energy/C-PACE, CleanFund was awarded GlobalCapital’s 2019 Esoteric ABS Securitization Award earlier this month. The award was for the best alternative/esoteric asset-backed securitization transaction closed in 2018, based on more than 1,000 votes cast across the securitization industry.

The origination platform’s CLEAN 2018-1 securitization, the first 144A securitization of C-PACE assets, was recognized on a number of fronts. Some of those included the AAA rating it achieved for class-A notes, which were backed by a pool of $115 million assets involving 82 individual parcel tax assessments from coast to coast. CleanFund’s securitization team involved other industry award winners including Credit Suisse, for its role as sole underwriter and structuring agent.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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