C-PACE and Financing Leader Peter Grabell Joins PACE Loan Group to Lead Production

Minneapolis, Minnesota (Dec. 9, 2024) – Experienced C-PACE and financing leader Peter Grabell has joined PACE Loan Group (PLG) as its managing director, head of Production, a newly created position to support PLG’s growth across the U.S. He has more than 25 years of loan origination leadership, most recently at PACE Equity.

Grabell will report to Bali Kumar, chief operating officer – PLG and will be based in the company’s San Diego office with Ina Montejo, originations, and Jacob Roth, vice president – underwriting.  

Grabell will collaborate with the originations team to manage and execute C-PACE loans, oversee the company’s CRM platform, and develop and maintain relationships with key stakeholders, including borrowers, debt brokers, and industry professionals.

“As our growth trajectory continues, we recognized the need to add leadership at the production level to guide and support our originations team, which doubled last year. We are excited to have Peter’s experience in relationship building, C-PACE executions, and leading sales professionals, and know he’ll be a great cultural fit,” said Rafi Golberstein, CEO and founder – PACE Loan Group.

During his career, Grabell has led high performing groups that originated more than $5 billion in CMBS loans and PACE assessments, averaging 20-25% annual business growth. Prior to working for PACE Equity, he spent more than seven years at Dividend Finance/Fifth Third Bank, where he was senior vice president and leader of the C-PACE division and led the early implementation of the C-PACE program in California. He also founded a distressed asset firm, Stonesteps Holdings, and worked in bank advisory and asset management, valuation and disposition at Clark Street Capital. Earlier he was Executive Vice President at Bridger Commercial Funding, where he headed relationship management, leading a 23-person sales team that originated CMBS loans and executed bank loan sales.  .

“His expertise at the intersection of real estate finance, banking, and C-PACE will complement our team and help us continue to innovate and grow as PLG leads the industry in this financing niche,” said Kumar.

PLG now operates from five offices – the Minneapolis headquarters, Grand Rapids, Minn., Chicago, San Diego, and New York City. The company has added seven new roles in 2024, bringing the number of employees to 24.

As the leading direct C-PACE lender, PLG has completed more than 175 C-PACE loans across 19 states with institutional backing from AB CarVal, a subsidiary of Alliance Bernstein.