Our Company

Founded in 2017, PACE Loan Group (PLG) is a leading national direct C-PACE lender. PLG benefits from institutional support with capital from funds managed by AB CarVal, a subsidiary of Alliance Bernstein.

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.

Rafi Golberstein relocated back to Minnesota, in 2017, with his family to start a commercial real estate business after over ten years as top commercial real estate lender in New York City.

He founded PACE Loan Group (PLG) after learning about the new state-by-state financing tool called Commercial Property Assessed Clean Energy (C-PACE), which encourages property owners to make energy and water improvements in properties and leverages an assessment to spread those payments over 20-30 years. In starting this new company, he was afforded the opportunity to build an experienced and diverse team committed to disrupting the commercial real estate finance industry.

Since then, Rafi has built PLG into one of the leading C-PACE lenders nationwide. The company’s growth placed them as #3 on the Minneapolis/St. Paul Business Journal’s 2023 Fast 50 list.

Rafi Golberstein relocated back to Minnesota, in 2017, with his family to start a commercial real estate business after over ten years as top commercial real estate lender in New York City.

He founded PACE Loan Group (PLG) after learning about the new state-by-state financing tool called Commercial Property Assessed Clean Energy (C-PACE), which encourages property owners to make energy and water improvements in properties and leverages an assessment to spread those payments over 20-30 years. In starting this new company, he also had a goal to bring diversity to the traditionally white-male industry by recruiting diverse candidates who would find success in being environmentally conscious while disrupting the stale world of commercial real estate.

Since then, Rafi has built PLG into one of the leading C-PACE lenders nationwide, closing over 150 C-PACE loans using $350M from institutional investors and a $25M corporate investment from AB CarVal. The company’s growth placed them as #3 on the Business Journal’s 2023 Fast 50 list.

Real People.

We handle origination to underwriting in-house and are only a phone call away if you have questions. We can act as your liaison with senior lenders and other equity sources to ensure that your financing closes as expected.

Real Capital.

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.