PLG recognized with three awards at the 2025 PACENation Summit

Minneapolis, Minnesota (May 19, 2025) – PACE Loan Group (PLG) received three awards at this year’s PACENation Summit, an annual gathering of Property Assessed Clean Energy (PACE) professionals in New York, NY. The Summit, organized by non-profit PACENation, celebrates the achievements of professionals who work in the PACE industry and the transactions that were completed in 2024.

PLG was recognized with three PACESetter Awards at the Summit: PLG CEO Rafi Golberstein for PACE Champion of the Year, VP of Underwriting Kim Bebchuk for Women Leaders in PACE, and The Stella office-to-multifamily conversion for Innovative Deal of the Year.

Rafi received the award for his achievements within the industry over the past couple of years, including his efforts as a leader in the C-PACE lending space and in promoting legislative changes nationwide. More recently, Rafi played a pivotal role in updating Minnesota’s program, where his testimonies in the MN House of Representatives aided extending the state’s amortization period from 20 to 30 years and the LTV cap from 20 to 30%. Kim was named a Woman Leader in PACE for her work in underwriting several complex transactions this year, including two Los Angeles offices, as well as her support for the company’s growing underwriting team.

The Stella in St. Paul, Minnesota, will have 178 apartments and 2,800 square feet of retail, and was also selected for a PACESetter Award as an Innovative Deal of the Year between $5 million - $50 million. Matthew McCormack, senior vice president – originations, closed the transaction, which received $15.8 million in C-PACE alongside $18 million in Federal and State historic tax credits. The Stella also was recognized as a finalist for the 2025 Minnesota REjournal Real Estate Awards.

“We’re proud to see our team highlighted for their accomplishments in this growing industry. Rafi’s advocacy for PACE legislation and Kim’s underwriting expertise are critical as we finance larger and more nuanced deals, like The Stella,” said Bali Kumar, COO of PACE Loan Group. “PLG continues to be a driving force in C-PACE, which continues to gain traction in today’s turbulent markets, and helps get deals to the finish line.”

Media Contact:

Martha Nevanen

Martha@paceloangroup.com

651-492-5861