Pace Loan Group

June 19, 2023

Bali Kumar and Angela Ledding recognized at annual PACENation Summit

PACE Loan Group leaders recognized with 2023 PACENation Awards
PACE Loan Group (PLG), an industry leader in the emerging financing tool, C-PACE (Commercial Property Assessed Clean Energy), had two of its leaders recognized at the annual PACENation Summit, June 6-7, 2023, in New York City.

PACESetter Award for Promoting Diversity, Equity, and Inclusion in the PACE Marketplace

Bali Kumar, chief operating officer, has more than five years of experience in PACE financing. Prior to joining PLG, he served as the CEO of Lean & Green Michigan, the PACE program administrator in Michigan, where he developed the Michigan PACE program into one of the nation's strongest PACE programs.

PACESetter Award for Women Leaders in PACE

Angela Ledding, managing director and head of Underwriting, has more than 15 years of experience in commercial real estate lending at multiple regional banks, having financed CRE projects with manufacturers, retailers, builders, developers, and multifamily property owners.

“Both Bali and Angela joined PLG in 2021 and have had a significant impact on both our company and the industry. We’re proud of them and know they are just getting started bringing more awareness to the great option that PACE lending can be for commercial property owners,” said Rafi Golberstein, chief executive officer at PLG.

"Around 40% of the world’s raw materials are used to construct buildings, and more than 60% of global carbon emissions are created by the built environment."

The PACESetter Awards are designed to recognize individuals and teams whose efforts have advanced PACE as a critical public policy tool that strengthens communities. A number of other awards were given at the Summit including policy innovation, program design and implementation, and innovative deals of the year, with the full list here. PACENation, the national membership association for PACE (Property Assessed Clean Energy) financing, announced Award recipients at the 2023 PACENation Summit held in New York earlier this month. 

“We are honored to recognize this year’s PACESetters and PACE Champions, whose work has truly moved PACE forward over the past year,” said Mary Luévano, PACENation’s Acting Executive Director. “Thanks to your efforts, PACE is available to more property owners to do the important work of making their buildings more efficient and resilient. To date, PACE financing has promoted over $26 billion in local economic development, reduced carbon emissions by an estimated 13 million metric tons and led to the creation of as many as 188,000 local jobs. Thank you to each one of you for the contributions you make every day to build and strengthen this industry.”

Media Contact:

Martha Nevanen


About PACE Loan Group
PACE Loan Group (PLG) is a national leader in the C-PACE marketplace, providing direct C-PACE financing to commercial property owners. The PLG team provides expertise up and down the capital stack. To learn more about PLG, visit our website at

About PACENation
PACENation is the nonprofit membership organization that advocates for expanded access to PACE financing. PACENation provides resources and support to local governments, businesses, and nonprofit organizations that are committed to allowing American property owners to improve the efficiency and resiliency of their homes and businesses with PACE.

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