PLG closed a $15 million C-PACE loan for Greenfield Milling’s Richmond, Utah state-of-the-art flour mill, which was built during the last three years. The C-PACE loan, the first to close in Cache Country, Utah, is part of a broader recapitalization following the construction of the plant.

Sacco will lead capital markets functions at the C-PACE lender in his return to the CRE industry after a corporate finance role at Netflix.

The honorees will be ranked by revenue growth in a special publication Friday, Oct. 23. An awards event is scheduled for Oct. 22 at U.S. Bank Stadium.

The world of business is changing rapidly. But the companies on this year’s Inc. 5000 list withstood and even maximized these changes, generating a cumulative $385 billion in revenue in 2025.

The midcentury office tower on Wabasha Street in downtown St. Paul that once trained Ecolab staff is getting a very different second act. Rebranded as The Stella, the 16-story building is in the middle of an office-to-apartment conversion that developers say will welcome its first residents later this summer. The project is set to deliver a mix of studios, one- to three-bedroom apartments and penthouses, plus ground-floor retail and shared amenity space, adding a sizable batch of new housing in the city’s core.

The cat is out of the bag for Commercial Property Assessed Clean Energy financing, or C-PACE. C-PACE financing executions across the country totaled a little more than $2 billion in both 2023 and 2024, according to PACENation, which tracks and advocates for C-PACE financing.

CRE Daily's Holly Dutton spoke with our CEO Rafi Golberstein about how C-PACE has evolved from a niche idea into a real solution for the financing gap in CRE. In the piece, Rafi breaks down four points in a project's life where C-PACE is worth considering: new construction, mid construction, ramp up/bridge, and stabilized.

Christian DeLisle, a CRE finance expert based in the Washington, D.C. area, has joined PACE Loan Group as senior vice president – Originations. He will report to Peter Grabell, managing director and head of production – PACE Loan Group.

PLG closed $8.3 million in C-PACE financing for Azura Verona, an 80-unit facility specializing in assisted living and memory care in Verona, WI. The loan was used in conjunction with a senior bank loan to refinance the existing construction loan and cash out equity investors.

Rafi Golberstein is the CEO and founder of PACE Loan Group, which is one of the top C-PACE providers in the country. Our conversation answers many questions, including: How did Rafi get started in CRE and what was his path to eventually starting PLG?

Start your engines: Holigan Investments has sealed $58.7 million of construction financing to develop a condominium project in suburban Dallas that features luxury garages geared toward car enthusiasts, Commercial Observer has learned.

PLG closed an $11.6 million C-PACE financing for Vesgro Data Center being developed by Infrascale Systems, a local Dallas-Ft. Worth data center developer. The loan will be used to convert a vacant 113,406 sq. ft. industrial-flex property into a 3.0 MW colocation data center, delivering approximately 45,000 square feet of raised-floor data hall space. Lone Star PACE, the foremost C-PACE administrator in Texas, facilitated the closing.

Establishing and sustaining an engaging, inclusive workplace culture is no small feat, especially as more team members come into the office more days a week and different generations have different expectations from their employers.

An affiliate of Greens Development Inc, a California-based developer, received $13.4 million in Commercial Property Assessed Clean Energy (C-PACE) financing from PACE Loan Group (PLG) for the construction of a Residence Inn by Marriott in Mammoth Lakes, CA. The C-PACE loan came in alongside senior debt from an EB-5 fund.

With a resume that includes seven years overseeing the California Enterprise Development Authority’s C-PACE program, Peter Grabell has seen C-PACE grow from an obscure tool to fund solar panels into a widely accepted component of project financing.

Ridwane Moustapha joined PACE Loan Group as controller in 2022. He was the Minneapolis-based firm’s first full-time accounting professional and has helped grow PLG’s banking relationships from fewer than 20 accounts to 80 and doubled the income generated from those accounts.

During this year’s PACENation Summit in New York, SVP of Originations Robbie Pinkas was called to the stage as his transaction Patmos AI Campus won the PACESetter Award for Innovative Deals over $50 million.

After a year of record volume and large deals, C‑PACE has solidified its place as a mainstream solution within CRE financing. Originations soared in 2025 as borrowers leaned on it to revive stalled projects, blend down capital costs and navigate selective senior lending.

Ina Montejo is an Assistant Vice President at PACE Loan Group (PLG), a leading national direct C-PACE lender. Montejo works in a highly specialized and rapidly evolving corner of capital markets in which she's already overseen more than $1 billion in C-PACE financing opportunities and built a reputation as a trusted, solution-oriented originator on complex transactions.

PACE Loan Group closed a $13.5 million loan for a first-of-its-kind, 228-car, automated parking garage in Raleigh, North Carolina’s Gateway District. Construction will begin this month, with expected completion in December. PLG’s Robbie Pinkas, senior vice president – Originations, originated the loan on behalf of the project’s developer, Capital City Urban Development (“CCUD”).

Former CBRE Investment Management director Natalie Viola has joined PACE Loan Group to help expand its California coverage. She arrived on March 9 in Los Angeles as a senior vice president and originator of C-PACE.

A wave of major commercial real estate deals are incorporating C-PACE financing that lets owners spread energy conservation costs across long-term property tax payments, a practice that is gaining acceptance from more state governments across the country.

We’re honored to announce that PACE Loan Group placed number three on the Direct Lenders list in the 2025 REjournals Midwest Best of the Best directory! This is the second year we've appeared on the list, one rank higher than our 2024 listing.

A top-dollar deal shows there's a place for urban server farms, but they may not work everywhere.

Throughout last week, the Minneapolis/St. Paul Business Journal revealed the names of our 2026 40 Under 40 honorees. Today, we present the full list of Twin Cities executives under the age of 40 who are rising stars or top leaders at their organizations.

In this episode, Ina Montejo, Assistant Vice President of Originations at PACE Loan Group, breaks down C-PACE (Commercial Property Assessed Clean Energy) financing—a flexible, non-recourse, and fixed-rate funding option that is transforming the way real estate projects secure capital.

Five Exceptional Professionals Drive Innovation Across Brokerage, Finance, Property Management, and Emerging Leadership. PACE Loan Group's Ina Montejo was selected as Emerging Leader for her work in C-PACE and the broader CRE industry.

Island Waterpark at Showboat, a 120,000 sq. ft. water park and entertainment center in Atlantic City, New Jersey, secured a $45.5 million C-PACE loan through PACE Loan Group. It's the first C-PACE loan to close in New Jersey’s new C-PACE program on Dec. 31, 2025.

PACE Loan Group closed a $32.15 million C-PACE loan this week for a new 274-room Hyatt House West Chester, Ohio, 6469 Westwood Blvd. The hotel, set to begin construction in Q1 2026, will have direct accessibility to the Orange County Convention Center via a pedestrian skyway.

Emerson Hospitality announced the acquisition and redevelopment of Black Creek Barns, a 153-acre historic estate in Esopus, New York, into a 70-room destination resort, supported by C-PACE financing from PACE Loan Group.

Patmos Hosting Inc., a leading provider of internet infrastructure, data center and hosting services, today announced that it has received a $100 million C-PACE loan from PACE Loan Group to continue development of the former Kansas City Star building into a state-of-the-art multi-use AI Campus.

PACE Loan Group (PLG) provided Mosaic with $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for Cedarbrook Senior Living, an assisted living and memory care facility in Tigard.

PACE Loan Group (PLG) hired 20-year commercial real estate veteran Kathy Boop as vice president of originations in the company’s Dallas, Texas office. She joins senior vice president of originations Matt Mitchell in Dallas, and nine other originators across the U.S.

The multifamily market remains resilient across the United States. Detroit and its surrounding communities are no exception. The mood was positive, then, at the sixth annual Detroit Apartment & Multifamily Summit held

Across all commercial asset classes (including multifamily), we lend PACE loans to fill senior loan proceeds gaps, blend down the cost of high-yield bridge debt, pay down maturing construction debt, and more

C-PACE activity is definitely heating up across New York, especially as building owners focus on meeting the Local Law 97 (LL97) energy efficiency requirements that went into effect in 2024.

PACE Loan Group returns to The List of fastest-growing private companies in the Twin Cities thanks to revenue growth of 172.94% from 2022 to 2024. The company, a C-PACE lender for commercial and industrial real estate projects, reported its revenue topped $31.6 million last year.

Here, Loren Biller, SVP of Originations at PACE Loan Group and a panelist for the “Opportunistic Capital” discussion, provides a status report on C-PACE’s current acceptance and usage in the New York City market.

Burlap Lofts reimagines two century-old buildings in Northeast Minneapolis as a 50,000 square foot Class A office and retail destination. PLG provided PACE funding for this redevelopment, which was a nominee for the 2025 NAIOP Awards of Excellence.

Even as U.S. federal energy policies shift and some decarbonization programs are eliminated, one model designed to resolve the cost hurdle in modernizing buildings is still standing and set to expand.

PLG is in the midst of seeing a spike in demand for CPACE financing, the clean-energy financing tool that the firm specializes in. To support the rapid market growth—which will likely go global soon—Rafi Golberstein, founder and CEO of the PACE Loan Group, is focused on recruiting top talent to scale his team and create a collaborative culture that can support demand.

Each year Finance & Commerce recognizes women who are shaping the finance industry and making an impact within their own communities by breaking down barriers and paving the way for future generations of women. This year’s class honors 37 remarkable women.

The recent passage of the One Big Beautiful Bill Act (OBBB) of 2025 has put restrictions on tax credits for renewable energy initiatives. However, Bali Kumar, COO of PACE Loan Group (PLG), doesn’t anticipate any slowdown in the adoption of C-PACE financing as a result.

Champagne bubbled in the Kenai River Ballroom, the top-floor gathering space where a ceremonial ribbon was cut for The Wildbirch Hotel, billed as Anchorage’s first “lifestyle boutique property.”

Rafi Golberstein, CEO and founder of PACE Loan Group, has emerged as a national leader in C-PACE finance, closing more than $600 million in loans since founding the company in 2017.

Meet the team behind PACE Loan Group (PLG), a Commercial Property Assessed Clean Energy (C-PACE) lender changing the way new construction, redevelopments, and recapitalizations are financed across the U.S. In this behind-the-scenes brand story, discover how PLG is redefining commercial real estate lending through C-PACE financing. Learn how C-PACE loans offer fast, transparent solutions.

PACE Loan Group delivered $13 M in pace lending for SpringHill Suites in Lakewood, WA—boosting energy efficiency & aligning with sustainability.

The current finance environment for commercial real estate borrowers is more complicated than it was earlier in the decade, with interest rates remaining elevated and traditional lenders stepping back from the sector. Fortunately, C-PACE financing has emerged as a strategic option, helping multifamily borrowers across Texas make sure their deals can pencil out.

The biggest industries represented by Minnesota companies this year are advertising, marketing and public relations (15), business products and services (12), construction (five), financial services (six), food and beverage (five), and software (five).

Minneapolis/St. Paul announces 50 fastest growing private companies.

PACE Loan Group has hired two seasoned loan pros as originators in separate cities, where they opened offices for the commercial Property Assessed Clean Energy lender.

As financing structures become more complex and construction costs remain high, creative capital stacks are essential to getting hospitality deals across the finish line.

I expect another banner year for C-PACE in 2026. We are seeing the highest production we have ever seen. The biggest change will be the size of the deals and the volume.

While hospitality loans have been a significant part of my C-PACE lending business since we started, the new experiential lodging properties are increasing in popularity among developers because they are finding fewer traditional financing sources.

LISC Detroit and Hazelwood Partners, and Detroit Housing for the Future Fund Celebrate Transformation of Two Historic Buildings into Affordable Housing for Detroiters

As of July 1, 2025, PLG is an approved capital provider for the New Jersey Economic Development Authority Garden State C-PACE program.

The long-term (up to 30 years), non-recourse financing tool C-PACE can inject fresh capital into mid-construction deals and projects up to three years post-completion, making it a viable option for recapitalizations. 

Through the PACE program, commercial, industrial and multifamily property owners can take out loans to finance low-cost energy efficiency and water conservation projects through voluntary assessments made on a property. This would help property owners see significantly lower utility costs, said Lori Clark, senior program manager at the council of governments.

The finance market for commercial real estate is more complex today than it was five or 10 years ago, as traditional lenders have curtailed their activity in the sector. Fortunately for borrowers, nontraditional sources of debt and equity have come to the fore, and among these is C-PACE financing.

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.

“And now, $20 or $50 million PACE assessments are pretty much run of the mill and not uncommon. We have moved away from financing mom-and-pop owners to institutional models, which means the deal sizes are much, much larger,” said Rafi Golberstein, president and CEO of PACE Loan Group.

This season’s most exciting openings are giving plenty of reasons to plan getaways, too, from a renewed Miami landmark to a duo of charming hotels in Twentynine Palms outside Joshua Tree National Park. Winter's gloom is finally behind us, and sunny days are here again—where are you heading next?

PLG closed a $4 million C-PACE loan for Lakeville 35 Logistics Center, a 189,678 sq. ft. spec industrial project being developed by Likewise Partners, which has completed 44 million sq. ft. of industrial transactions across the Midwest. The project broke ground this month with an estimated completion date in Q4 2025.

PACE Loan Group has added Julie Locke as a vice president in Chicago and Emily Ramey as an assistant vice president in the San Francisco Bay Area.

At a time when capital for multifamily development is still costly and sometimes hard to come by, Commercial Property Assessed Clean Energy financing offers an attractive option that suits a variety of situations.

C-PACE Alliance (CPA), the leading industry organization dedicated to promoting and advancing Commercial PACE financing, is pleased to announce Leah Wiggs as its new Executive Director, effective April 7, 2025. Cliff Kellogg is stepping down after seven years as CPA’s founding Executive Director.

After a clean energy finance tool gained steam as a relatively low-cost, long-term financing option, property owners in some states are now leaning on its retroactive capabilities to free up capital and pay down senior lenders.

Los Angeles-based Center Capital Partners and Abramson Investors received a $22.4 million C-PACE loan from PACE Loan Group to refinance improvements completed on their newly constructed 72,000 sq. ft. Class-A creative office opportunity zone development on 5237 W. Jefferson Blvd in LA.

If you turn inland from Bayfield, Wisconsin’s Lake Superior shoreline to its storybook forest, you’d find charming Scandinavian-inspired lodges that house guests at the Wild Rice Retreat.

“Everybody has a home in this movement.” Bali Kumar, a clean energy innovator, is carving out his space in the growing clean energy financing sector — making sustainability projects a reality and inspiring and educating others along his journey.

After spending 10 years as a lender in New York City, Rafi Golberstein saw an opportunity to leverage a lesser-known financing tool in Minnesota aimed at boosting clean energy in real estate.

Ina shares how developers and investors are leveraging C-PACE financing to fill gaps in their capital stacks, reduce borrowing costs, and even unlock retroactive funding for projects completed within the last few years. She also discusses the impact of ESG and energy-efficiency mandates, how counties are adopting C-PACE programs, and real-world examples—including the $35M financing of Gateway Studios in St. Louis, a world-class music rehearsal venue.

In this episode of the No Cap podcast, our hosts Alex Gornik and Jack Stone are joined by Robbie Pinkas, Senior Vice President of PACE Loan Group, who explains what C-PACE financing is, how it can help fund energy-efficient improvements, and why it might be the right option for certain real estate projects.

PACE Loan Group's past transaction, Reset Hotel, will open this Spring with 65 modular rooms offering dramatic views. What makes the hotel unique is its proximity to Joshua Tree National Park. Reset Hotel is also the first full-amenities hotel to have been built from the ground up in the area in over 15 years.

PACE Loan Group (PLG) continues to build its national platform with the addition of Eizaan Khan in the New York City office. Khan joins as vice president – capital markets, where he will focus on general capital markets strategies Khan joins as vice president – capital markets, where he will focus on securitization, managing warehouse facilities, and investor relations.

Developers Kaeding Development, Ron Clark, and Inland Real Estate have received a $15.8 million C-PACE loan from PLG for the conversion of the former Ecolab office building at 386 Wabasha Street North in downtown St Paul into housing. The development team began construction in July to begin the conversion of the 197,692 sq. ft. former headquarters of Ecolab in downtown St. Paul into 174 multifamily homes, renaming the property “Stella.”

PLG closed a $24 million C-PACE loan for 444 S. Flower St., Los Angeles, CA to finance improvements made to elevators, HVAC, plumbing, lighting, and exteriors. Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) plan to use the proceeds to reinvest in future tenant improvements and capital expenditures in the 48-story, 910, 672 sq. ft. office tower in the heart of Bunker Hill.

PACE Loan Group closed a $35 million C-PACE loan, Missouri’s largest PACE project financed to date, for a new, 300,000 sq. ft. state-of-the-art studio complex in Chesterfield, Missouri, authorized by the St. Louis County Clean Energy Development Board through the Missouri Energy Savings Program (MO-ESP.)

In every central business district across the U.S., leaders are pushing for new ideas to reimagine vacant office buildings. Most often, the chatter is to convert these properties into apartments or condos or undergo a significant renovation to appeal to new tenants.

Experienced C-PACE and financing leader Peter Grabell has joined 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.

PACE Loan Group closed a $10.6 million C-PACE loan for the new construction of a Home2 Suites hotel located in Pittsburg, California, which is in the Northeast Bay Area.

PACE Loan Group provided $3 million in C-PACE financing for a dual-branded hotel property scheduled to operate as a TownePlace Suites and Fairfield Inn & Suites by Marriott Columbus, Nebraska.

PACE Loan Group, which provides property-assessed clean energy financing to commercial properties, returns to the Fast 50 list at No. 6 this year.

PLG provided $3.27 million in C-PACE financing for Samaritan Center, a 444,475 sq. ft., three-building business complex in Detroit, Michigan.

The Federal Reserve’s decision to begin aggressively hiking the federal funds rate in 2022 threw the commercial real estate market into turmoil. Property investors found it difficult to refinance much cheaper short-term loans that were often used to renovate or develop properties.

After completing three C-PACE financings in the last month, PACE Loan Group leads Michigan with 21 closed C-PACE loans in the state, the most of any other C-PACE lender.

In a commercial real estate lending environment that has often proved challenging for borrowers over the past couple of years, an indisputable bright spot has been C-PACE (Commercial Property Assessed Clean Energy) financing.

Wayne County has reached a significant milestone by surpassing $100 million in PACE financing for energy-efficient projects. This achievement highlights Wayne County’s effective use of the PACE program to attract private capital for eco-friendly building initiatives and economic development.

PLG COO Bali Kumar was reelected for the fifth consecutive year onto the Board of Directors for PACENation, a national organization that promotes education, legislation, and development for PACE financing, which is long-term, non-recourse, fixed-rate financing for renewable and energy efficiency projects.

The decline in interest rates is expected to start with a decrease of 25bps or 50bps, causing the 10-year treasury rate to fall. That has two positive knock-on effects.

PLG provided a $2.6M C-PACE loan for Howell Health Hub, an 86,300 sq. ft., two-story modern medical office building in Howell, MI.

PACE Loan Group has provided a $1.5 million C-PACE loan for a 475-unit self-storage project under construction in Romulus. The 25-year loan, which closed out the $9 million capital stack, will be used for the building envelope, Energy Star windows, high-efficiency HVAC, plumbing and LED lighting.

Word is several originators are gearing up to package CPACE assessments via real estate mortgage investment conduits after the agency confirmed that such securitizations are eligible in a recent private letter to a client of law firm Dechert.

PACE is the newest and fastest growing form of public-private partnership that enables developers to efficiently capitalize their capital stacks. PACE is based on state law, and I was brought in to run the Michigan PACE program – bringing it from policy to a functional marketplace for capital.

The Minneapolis/St. Paul Business Journal today announces the honorees of our annual Fast 50 awards, celebrating the Twin Cities' fastest-growing, privately held companies by revenue growth.

Minneapolis-based PACE Loan Group is a first-time Best Places to Work honoree. It was a Business Journal Fast 50 honoree in 2023 — has career opportunities listed on its website.

PLG closed a $10.6 million C-PACE loan to complete the capital stack for the new construction of a 114-unit multifamily property in the Fishtown neighborhood of Philadelphia resulting from combining six vacant city lots. The project, at 1440 Front Street, has an expected completion date of June 2026.

In the run-up to the Connect Texas Multifamily event in Dallas on August 20th, we reached out to several conference participants to get their pulse on various commercial real estate issues. We caught up with Loren Biller from PACE Loan Group and asked him about C-PACE financing.

Robbie Pinkas, senior vice president at PACE Loan Group, said that his energy-efficiency-focused lending business gives him exposure to a broad range of projects across the country.

New state guidance could energize stalled program for eco-friendly upgrades of aging buildings. “We needed a government quarterback that was passionate about creating a functional program for the city,” Pinkas said.

The Vista Prairie at Eagle Point Senior Living Community is moving forward thanks to financing sources that include tax-exempt loans and C-PACE, a public-private structure that rolls loan payments for energy efficiency upgrades and clean energy improvements into property taxes through a special assessment.

It may have taken more than a decade, but after starting out as a niche financing vehicle to create more energy-efficient and resilient buildings, the commercial property assessed clean energy (C-PACE) program has arguably achieved mainstream acceptance.

PACE Loan Group closed a $7.1 million PACE Loan on a 134-unit new construction, market-rate senior living facility in St. Francis, Minn.

PACENation recognized the exceptional achievements of individuals and companies in the 2024 PACESetter Awards and PACE Champions of the Year at their annual Summit. Two of PLG’s experts and one transaction were recognized, building upon the company’s frequent recognition of both people and projects in the C-PACE industry.

During last week’s PACENation Summit, PACE Loan Group was recognized with multiple 2024 PACESetter awards, emphasizing our role in building a stronger PACE industry and more sustainable future:

Bali Kumar, a clean energy innovator, is carving out his space in the growing clean energy financing sector, making sustainability projects a reality and inspiring and educating others along his journey.

For 26 years, the Minneapolis/St. Paul Business Journal has recognized those organizations putting a premium on their employees with our Best Places to Work awards. And today we begin revealing our 2024 honorees, one of which is PACE Loan Group.

Minnesota laws passed this year created accelerated updates to the residential energy code and ended fluorescent light bulb sales in the state.

The St. James Social, located at 200 Rittenhouse Avenue in historic downtown Bayfield was built in 1884. Bermel took extra care to ensure the preservation and historic integrity by working with the National Park Service and the Wisconsin State Historic Preservation Office.

Current market trends point toward the growing use of C-PACE financing. Part of C-PACE financing’s surge in popularity has been driven by the current market conditions and challenges in traditional capital markets.

Commercial property-assessed clean energy financing (also known as c pace financing) continues to become more popular with commercial real estate owners who see it as a resource for lowering the cost of capital and enhancing energy efficiency.

If you've traveled down State Street in Traverse City this week, you may have very likely noticed a dramatic change. In the past five days a massive addition seemed to pop up out of nowhere.

PLG completed a $9.422 M C-PACE Loan on a 63,000 sq. ft. medical rehab facility in Bradenton, FL. The 30-year loan for the new construction project was part of a $37.85 million capital stack with a $28.43M senior construction loan provided by Amerant Bank.

The changes approved by MN legislature and included in the Omnibus bill slated to pass this weekend increase the financing term to 30 years and the LTV cap to 30 percent.

Rafi highlights the unique features of C-PACE financing, such as long-term fixed-rate terms and self-amortization. He also discusses the early wins and successes of PACE Loan Group and the factors that differentiate them from their competitors.

The Aviator Hotel received $16.75 million in Commercial Property Assessed Clean Energy & Resilience (C-PACER) to support the renovation and upgrades to the 1970s-era hotel.

Amid increased market volatility and rising interest rates, commercial real estate investors and owners are looking for alternative and flexible strategies to gain access to capital. One option people have been increasingly exploring is C-PACE.

PACE is effectively solving a hole in the capital stack. In today’s market when banks and mortgage lenders have tightened up significantly, typically lending less and providing less leverage, that creates a pretty large equity check requirement that is significantly larger than it was two years ago.

PACE Loan Group (PLG) continues its growth across the country, opening a New York City office this week and adding Loren Biller, an experienced originator as a Senior Vice President. Biller will work alongside Robbie Pinkas, SVP, who joined PLG in April.

Minnesota is considering changes that move the C-PACE legislation from version 2.0 to version 3.0, providing more commercial property owners with an effective, efficient way to finance more sustainable buildings.

Assembly resolution creates a pathway to finance private energy upgrades. Kumar said that C-PACER program interest rates are similar to traditional lenders.

Although administered by the St. Paul Port Authority, the state’s C-PACE program is privately financed. The bill would broaden the program to allow for loans to projects that improve a property’s resilience.

PACE Loan Group brought $8 million in C-PACE financing to the Washington, a four-story, three-building luxury multifamily property with 200 units in Eau Claire, WI.

Robbie Pinkas, a C-PACE industry leader, joins PACE Loan Group today as Senior Vice President/Originator. He comes from North Bridge, a New York City-based PACE lender, where he spent three years directing transaction execution and program authority relationships.

The Boardwalk, a two-phase short-term rental condominium under construction in Traverse City, Michigan, received nearly $4 million in C-PACE financing through PLG.

While attending CREF-C in Miami, the PACE Loan Group team noted a general sense of optimism about interest rates and increased transaction volume in 2024.

Hempel Real Estate has secured a handful of new leases at LaSalle Plaza in downtown Minneapolis since it acquired the 30-story office tower last summer.PACE Loan Group, a commercial real estate lender, will occupy about 4,000 square feet after its lease is signed.

PLG arranged a 4.45 million PACE loan secured by a special assessment for Lawson’s Landing, which will support the nearly 70-year-old campground’s new wastewater treatment, solar energy, and energy and water efficiency improvements.

The spike in interest rates and the consequent disruption throughout real estate capital markets over the last 18 months is generating newfound interest in commercial property assessed clean energy (C-PACE) financing.

As part of its growth plan and to serve more property owners with C-PACE financing, PACE Loan Group has opened its third office in San Diego. Ina Montejo, business development associate, and Jacob Roth, VP of underwriting, work from that office and will support the company’s growth on the West Coast.

C-PACE’s compelling story right now is the ability to pay off variable construction debt if that construction exceeds the building code. This financing not only injects much-needed liquidity into projects but also rewards sponsors for building sustainably.

The first MNCIFA Board Meeting took place on Wednesday, November 15th. During the meeting Bali Kumar was elected Board Chair and Tessa Haagenson was elected Vice Chair.

Hempel Real Estate acquired LaSalle Plaza, a 30-story office building in downtown Minneapolis, from the prior owner’s lender in June, and finalized the financing package with a $3.5 million C-PACE loan arranged by PACE Loan Group.

Balancing the financial bottom line while building above code can often feel like an uphill battle. However, a financial tool – retroactive C-PACE financing -- is making waves in the CRE finance industry, offering a compelling solution to these challenges.

One bright spot in an otherwise dreary capital markets environment has been the continued emergence and success of PACE (Property Assessed Clean Energy) financing.

In 2020, PACE Loan Group reported revenue of slightly over $3 million. By 2022, that number skyrocketed to nearly $11.5 million, representing a growth rate of 277.58%.

Among the options gaining attention from borrowers in the current market is C-PACE (Commercial Property Assessed Clean Energy) financing, and Matthew McCormack, SVP of Originations at PACE Loan Group (PLG), will discuss how it can fulfill their needs.

In the ever-evolving landscape of commercial real estate, two pressing concerns loom large: managing interest rate exposure and meeting the market’s demand for sustainability.

Over the past 18 months, Ledding has helped PLG underwrite deals that allow the company to keep lending and helping get projects done instead of sitting on the sidelines.

Reset Hotel, a new hotel coming to Twentynine Palms, a Palm Springs exurb adjacent to the North Entrance of Joshua Tree National Park, has started construction with $11.2 million in C-PACE financing from PACE Loan Group.

Governor Tim Walz and Lieutenant Governor Peggy Flanagan today announced the following appointments to the Minnesota Climate Innovation Finance Authority.

Parag Vipani, an experienced capital markets professional, joined PACE Loan Group as vice president, where he will be responsible for originating, underwriting, and closing on PLG’s pipeline of C-PACE financing transactions.

“Financing Deals in an Uncertain Climate” is the title of a panel at Wednesday’s Connect Orange County event, and PACE (Property Assessed Cleaning Energy) financing has proven to be a means of doing just that.

Continued sluggishness in the lending market is setting the stage for an increase in Property Assessed Clean Energy financing. The outcome, market professionals believe, is that C-PACE capital will come to represent ever-larger portions of the debt on existing properties and, especially, new projects.

PACE Loan Group’s Senior Vice President Matthew McCormack arranged a $6.2 million PACE loan that was part of $32.8 million refinancing of the Northbrook Renaissance in Northbrook, IL.

With traditional lenders reluctant to fund new real estate projects, developers are seeking other financing sources. An increasingly popular option is Commercial Property Assessed Clean Energy, or C-PACE, financing.

We are delighted to welcome our guest speaker Bali Kumar, Chief Operating Officer at PACE Loan Group, to our 8th podcast episode. Joined by our two ENGEO hosts, Jeff Adams and Gareth Ward, this podcast is about what a PACE loan is and how property owners may qualify for it. Additionally, the podcast covers how PACE loans can help a company meet its ESG goals, the Inflation Reduction Act (IRA) as it relates to developers and property owners, and also covers some case studies of PACE loan applications. Overall, this podcast episode provides valuable insight into the services offered by the PACE Loan Group and how PACE loans can help support companies looking to grow their ESG and sustainability goals.

PACE Loan Group was recognized today as one of the Fast 50 growth companies in the Twin Cities by the Minneapolis-St. Paul Business Journal. This recognition comes from three years of an average of 89% growth per year through the company’s focus on providing C-PACE financing to commercial real estate property owners.

Among our panel of experts will be Matthew McCormack, SVP, originations with PACE Loan Group (PLG), who will provide insights into the benefits of PACE (Property Assessed Clean Energy) and C-PACE (Commercial Property Assessed Clean Energy) financing.

PACE Loan Group closed a $13.82 million C-PACE loan for a 151-room conversion from a hotel into workforce housing in Kissimmee, FL.

PACE Loan Group (PLG), a national leader in Commercial Property Assessed Clean Energy (C-PACE) financing, closed a $13.82 million C-PACE loan for a 151-room conversion from a hotel into attainable, workforce housing in Kissimmee, Osceola County, Florida.

PACE Loan Group, a national leader in Commercial Property Assessed Clean Energy & Resilience (C-PACER) financing, closed a $5.5 million package for the Aviator Hotel, the largest of its kind in Alaska.

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.

Blossom Hotel Houston near the Texas Medical Center has secured a $22.5 million commercial property assessed clean energy loan, commonly called a C-PACE loan, to cover the cost of previously installed energy-conservation systems.