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

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.

 
More on PACE Loan Group from CEO and Founder Rafi Golberstein:

What’s your company’s core focus this year? We aim to deliver efficient capital for our clients by helping them complete capital stacks, refinance maturing debt, and pay for critical capital expenditures for their commercial real estate.

What action or actions have you taken recently that set you up for long-term success versus short-term gains? We have taken a very deliberate approach to hiring. This approach may be slow, but it means that we are truly assessing the talent pool for capacity, as well as “fit” — which we believe is the secret to our intentional culture and business success. 

Do you have a BHAG for your company? Make C-PACE financing as ubiquitous as bank lending

Fast facts
PACE Loan Group

Rank: 6

Growth rate: 221.32%

Top executive: Rafi Golberstein

Headquarters: Minneapolis

Employees at end of 2021: 10; Now: 21

2021 revenue: $6,322,116

2022 revenue: $11,612,051

2023 revenue: $20,314,031