A smarter way to finance your next commercial real estate project

We create a custom C-PACE financing package from quote to close. Get more capital, more socially responsible investing, and more expertise when you work with PLG.

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Real People/Real Capital

When you work with PLG, you’re working with real people –
a dedicated team of individuals who focus solely on C-PACE and lend directly, with no intermediary involved.

From quote to close, speak and work with our in-house origination, underwriting, and loan servicing teams to get a financing package tailored specifically to your project’s needs. Our experts come from diverse backgrounds and bring a new level of innovation and diligence to all our transactions.

Real capital comes from our commitment and ability to close, institutionally backed with balance sheet capabilities. When we issue a term sheet, you have our commitment to your deal. Our credit committee acts quickly to ensure your project stays on course.

Meet the PLG Staff

PLG team in LaSalle Plaza in downtown Minneapolis, MN

We provide more than just C-PACE financing.
We provide solutions.

C-PACE Capital Innovation

An innovative way to capitalize or recapitalize commercial real estate projects, C-PACE is a low-cost source of creative financing. C-PACE can benefit your capital stack, increase project yields, and promote ESG goals.

Learn More About C-PACE Lending

PLG reduces the cost of capital

PACE financing can reduce expensive mortgage debt and eliminate mezzanine debt from your capital stack.

C-PACE can be used retroactively.

C-PACE loans can retroactively cover eligible improvements started or completed in the past 1-3 years, providing liquidity to projects in need of recapitalizations and refinancing. By looking back to previous improvements, owners can reduce cost of capital, improve cash flow, cover cost overages, and inject liquidity with retroactive C-PACE.

At PLG, we provide more than just C-PACE financing.

We find solutions. Together, we’ll create a custom commercial real estate financing package from quote to close. Get more capital and more expertise when you work with PLG. Real People. Real Capital.

PLG’s Institutional Balance Sheet

As a portfolio company of AB CarVal, a subsidiary of Alliance Bernstein, PLG has institutional capital that supports its balance sheet and direct lending capabilities. Together, PLG and AB CarVal have committed and deployed nearly $700 million in C-PACE transactions. AB CarVal is committed to its investment in PLG, which supports large and complex, industry-leading transactions.

Active C-PACE states

Take a closer look by state for program specifics.

Washington

Program: Active

Available Lookback: 1-3 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Oregon

Program: Active

Available Lookback: 2-3 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

California

Program: Active

Available Lookback: 3 years

Max Term: 30 years

New Construction: Yes

Take A Closer Look

Alaska

Active Program: Active Program

Available Lookback: None

Max Term: 20 years

New Construction: No

Take A Closer Look

Wisconsin

Program: Active

Available Lookback: 2.5 years

Max Term: 20-30 years

New Construction: Yes

Take A Closer Look

Ohio

Program: Active

Available Lookback: 3 years

Max Term: 30 years

New Construction: Yes

Take A Closer Look

Montana

Program: Active

Available Lookback: 3 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Texas

Program: Active

Available Lookback: 2 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Oklahoma

Program: Active

Available Lookback: 2 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Colorado

Program: Active

Available Lookback: 2 years

Max Term: 25 Years

New Construction: Yes

Take A Closer Look

Minnesota

Program: Active

Available Lookback: 1 year

Max Term: 20 Years

New Construction: Yes

Take A Closer Look

Michigan

Program: Active

Available Lookback: 3 years

Max Term: 25 Years

New Construction: Yes

Take A Closer Look

Utah

Program: Active

Available Lookback: 3 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Maine

Program: Active

Available Lookback: 1 year

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Arkansas

Program : Active

Available Lookback: 18 Months

Max Term: 20 Years

New Construction: Yes

Take A Closer Look

Connecticut

Program: Active

Available Lookback: 1 year

Max Term: 25 Years

New Construction: Yes

Take A Closer Look

Delaware

Program: Active

Available Lookback: 3 years

Max Term: 25 Years

New Construction: Yes

Take A Closer Look

Florida

Program: Active

Available Lookback: 3 years

Max Term: 30 Years

New Construction: Yes

Take A Closer Look

Georgia

Program: Active

Available Lookback: 2 years

Max Term: 30 Years

New Construction: Yes

Take A Closer Look

Illinois

Program : Active

Available Lookback: 3 years

Max Term: 30-40 years

New Construction: Yes

Take A Closer Look

Kentucky

Program: Active

Available Lookback: 2 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Massachusetts

Program : Active

Available Lookback: August 2016

Max Term: 20 Years

New Construction: Yes

Take A Closer Look

Maryland

Program: Active

Available Lookback: 3 years

Max Term: Weighted Average EUL

New Construction: Yes

Take A Closer Look

Missouri

Program : Active

Available Lookback: 3 years

Max Term: 20 Years

New Construction: Yes

Take A Closer Look

Nebraska

Program: Active

Available Lookback: None

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

New Mexico

Program: Active

Available Lookback: 3 years

Max Term: 20 Years

New Construction: Yes

Take A Closer Look

Nevada

Program: Active

Available Lookback: 3 years

Max Term: 30 years

New Construction: Yes

Take A Closer Look

New York

Program: Active

Available Lookback: 3 years

Max Term: 30 Years

New Construction: Yes

Take A Closer Look

Pennsylvania

Program: Active

Available Lookback: 2 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Rhode Island

Program: Active

Available Lookback: July 2015

Max Term: 25 Years

New Construction: Yes

Take A Closer Look

Tennessee

Program: Active

Available Lookback: 2 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Virginia

Program: Active

Available Lookback: 2 years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Washington D.C.

Program: Active

Available Lookback: 2-3 years

Max Term: 30 Years

New Construction: Yes

Take A Closer Look

Alabama

Status: In Development

Available Lookback: TBD

Max Term: TBD

New Construction: TBD

Take A Closer Look

Vermont

Status: In Development

Available Lookback: TBD

Max Term: TBD

New Construction: TBD

Take A Closer Look

New Hampshire

Status: In Development

Available Lookback: TBD

Max Term: TBD

New Construction: TBD

Take A Closer Look

New Jersey

Status: Active

Available Lookback: TBD

Max Term: 30 Years

New Construction: Yes

Take A Closer Look

Hawaii

Status: Active

Available Lookback: 3 Years

Max Term: Max EUL

New Construction: Yes

Take A Closer Look

Idaho

Program: Active

Available Lookback: TBD

Max Term: TBD

New Construction: TBD

Take A Closer Look

North Carolina

Program: In Development

Available Lookback: TBD

Max Term: TBD

New Construction: TBD

Take A Closer Look

- Success Means -

“Using funds secured through C-PACE, we are able to develop this building to its full potential.”

Mark Begich, Former United States Senator, and Former Mayor of Anchorage

“We’ve been longtime believers in PACE as an accretive part of our cap stack, and that is especially true in our acquisition of LaSalle Plaza, probably one of the hardest deals to finance throughout my entire career. We could not have done this without PACE Loan Group.”

Josh Krsnak, CEO of Hempel Real Estate

“RBC Gateway is an iconic building with a thoughtful design committed to sustainability and energy reduction, PLG helped us with this commitment.”

Eric Skalland, EVP, United Properties

“Given the location near Joshua Tree, our team knew that having a C-PACE component both demonstrates our commitment to the environment and strong financial stewardship. PACE Loan Group was a pleasure to work with, providing a clear and uncomplicated path to closing.”

Adam Wininger, Developer of Reset Hotel

PLG Transactions

Los Angeles, CA

Los Angeles Office Tower

C-PACE AMOUNT $24M

Property Type Office

Project Type Retroactive

Aviator Hotel

Property Type Hospitality

Project Type Renovation

Infiniti Lofts

Property Type Multifamily

Project Type Adaptive Reuse

State Florida

View Transaction

See All Transactions

News & Insights

NEWS

Fast 50: Commercial lender returns to The List at No. 6

Minneapolis/St. Paul Business Journal | October 24, 2024

PACE Loan Group, which provides property-assessed clean energy financing to commercial properties, returns to the Fast 50 list at No. 6 this year. The Minneapolis-based company reported 2023 revenue topping $20.3 million — a 221.32% increase from 2021.

INSIGHTS

C-PACE: A bank’s low-risk, passive partner in the cap stack

Ina Montejo | October 28, 2024

C-PACE financing can act as a participant or A-Note, filling in the financing gap when a bank’s credit envelope restricts their lending limit. The bank’s last dollar of exposure would not change in this scenario, as they would still dictate the terms of the maximum Loan to Cost (LTC) / Loan to Value (LTV).

NEWS

C-PACE Lending Momentum Shows No Signs of a Slowdown

Paul Bubny, Connect CRE | October 3, 2024

In a commercial real estate lending environment that has often proved challenging for borrowers over the past couple of years, an indisputable bright spot has been C-PACE (Commercial Property Assessed Clean Energy) financing.

More News & Insights