Author: PACE Staff Published: 02/07/2025 PACE
PACENation’s family is growing and building a powerful movement for PACE financing. Our network of members represents a diverse range of expertise and a shared commitment to sustainable solutions. Together, we’re expanding access to PACE, driving innovation, and building a more resilient future for communities across the nation.
Want to be part of this movement?
Explore our membership options and sign up here or contact us at membership@pacenation.org. We’d love to hear from you!
Explore our membership options and sign up here or contact us at membership@pacenation.org. We’d love to hear from you!
- Amalgamated Financial Corp. Commits Additional $85 Million to Finance R-PACE Assessments
- North Bridge, Acore Provide $161M Loan to Expand Area15 District in Las Vegas
- Upcoming event: Property Resilience Assessment for C-PACE financing Webinar
- Dealmaker: Pace Loan Group Closes $35M C-Pace Loan in Missouri
- Rising in Popularity: A C-PACE Primer (Moody’s)
- How C-PACE Enables Cost Sharing for Efficiency Projects
- $40M C-PACE Loan Secured for Naftali Group’s JEM Private Residences
- The Sustainable Finance Podcast: Using real estate financing to lower carbon emissions
- IECA Closes C-PACE Financing for Will County Office Building
- Bayview PACE Provides $137 Million C-PACE Loan For Driftwood Capital’s Westin Resort In Cocoa Beach
- This could be a good year for borrowers in hotel industry, if they get creative (CoStar)
- Opinion: New Hampshire will finally fix its property assessed clean energy law (New Hampshire Business Journal)
See PACE jobs dashboard here.
What does the 2025 commercial real estate market
hold for C-PACE?
hold for C-PACE?
The commercial real estate market is shifting. Are you ready? Join us for a fascinating discussion as our expert panel shares their insights on the evolving commercial real estate landscape and the future of C-PACE financing. We’ll explore:
- Interest rate impacts on capital costs and asset values
- Tightening lending standards and new development implications
- C-PACE opportunities in refinancings
- ESG and building performance’s influence on CRE
Featured Speakers:
- Rafi Golberstein, CEO, PACE Loan Group
- Matthew Kwatinetz, Clinical Assistant Professor of Real Estate Economics and Director, NYU Urban Lab
- Laura Rapaport, CEO, North Bridge
- And more industry leaders to be announced!
Tuesday, February 11th, 2025 at 4:00PM Eastern / 1:00PM Pacific
1. How long have you been in the PACE industry and what is your professional background, or route did you take to get here? What drew you to PACE?
Brandon: I’ve just been involved with PACE a few years, but I have been in clean energy financing for 13 years now. I was excited about C-PACE becoming available in Tennessee when the legislation was passed in 2022. I see it as an additional financing tool to help drive clean energy investment.
2. Where does your company/organization/agency fit in the PACE market? What is your unique value?
Brandon: Pathway Lending is a capital provider in the PACE market, but we will work on smaller deals than traditional PACE lenders. As a CDFI, we offer C-PACE along with a variety of other education and financing products to the communities we serve.
3. What is the best piece of advice you would give to someone new to PACE?
Brandon: If you are a community lender considering PACE as a financial offering, call Allectrify to help you get started.
4. What are you most excited about for the future of PACE?
Brandon: The Greenhouse Gas Reduction Fund will open up the possibility for many community lenders to offer PACE. They will broaden awareness of PACE and use it to help many people in underserved areas.
5. What book would you recommend for 2025 reading?
Brandon: Rural Renaissance by Michelle Moore. PACE is more popular in urban areas, but there is so much clean energy work to be done in rural areas as well.
6. Favorite thing to watch (on TV, streaming)?
Brandon: A few favorite shows I have gone back to watch again recently are Sherlock and Justified.
7. Which PACE industry colleague would you like to give a shout out to in acknowledgement for their work?
Brandon: Fran Faulknor from Allectrify. I wouldn’t have made it through my first C-PACE deal without you.
Brandon: I’ve just been involved with PACE a few years, but I have been in clean energy financing for 13 years now. I was excited about C-PACE becoming available in Tennessee when the legislation was passed in 2022. I see it as an additional financing tool to help drive clean energy investment.
2. Where does your company/organization/agency fit in the PACE market? What is your unique value?
Brandon: Pathway Lending is a capital provider in the PACE market, but we will work on smaller deals than traditional PACE lenders. As a CDFI, we offer C-PACE along with a variety of other education and financing products to the communities we serve.
3. What is the best piece of advice you would give to someone new to PACE?
Brandon: If you are a community lender considering PACE as a financial offering, call Allectrify to help you get started.
4. What are you most excited about for the future of PACE?
Brandon: The Greenhouse Gas Reduction Fund will open up the possibility for many community lenders to offer PACE. They will broaden awareness of PACE and use it to help many people in underserved areas.
5. What book would you recommend for 2025 reading?
Brandon: Rural Renaissance by Michelle Moore. PACE is more popular in urban areas, but there is so much clean energy work to be done in rural areas as well.
6. Favorite thing to watch (on TV, streaming)?
Brandon: A few favorite shows I have gone back to watch again recently are Sherlock and Justified.
7. Which PACE industry colleague would you like to give a shout out to in acknowledgement for their work?
Brandon: Fran Faulknor from Allectrify. I wouldn’t have made it through my first C-PACE deal without you.
Capital From North Bridge to Expand $108M
C-PACE Area15 District in Las Vegas
C-PACE Area15 District in Las Vegas
“One of the nation’s largest immersive entertainment districts just secured financing to expand its popular attractions in the heart of Las Vegas through the largest new development construction C-PACE loan in Nevada history.”
Read more here.
PACENation’s surveys of the C-PACE market show that in 2024, the market reached $2.42 billion in total deal volume—the best year yet for C-PACE!
This year’s record-breaking C-PACE transactions brought total cumulative C-PACE market volume to over $9.7 billion since C-PACE’s inception.
PACENation will release more comprehensive statistics on 2024 transactions for C-PACE and R-PACE for members soon—stay tuned for more details! Here’s a summary of more C-PACE progress in 2024:
- In 2024, 3 states launched new C-PACE programs, 2 states adopted C-PACE enabling legislation, and 4 states enacted C-PACE amendments and expansions
- 400+ consenting mortgage lenders to date
- 139 approved capital providers listed by C-PACE programs
- 9,300+ C-PACE enabled municipalities, representing 28% of all U.S. cities, towns, and villages and 70% of the U.S. population
PACENation members have access to market data via the members’ portal of PACENation’s website, or may request by emailing mike@pacenation.org.
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Want to Tap into the Growing C-PACE Market?
PACENation and Allectrify are here to help. We’re simplifying C-PACE lending with streamlined access and comprehensive training. Increase revenue, support sustainability, and position your institution as a leader in green finance. Ready to get started? Complete our intake form.
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