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ABA: The American Bankers Association

PACE Loan Group

Gold Member - ABA Partner Network Member Since December 2025


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Founded in 2017, PACE Loan Group (PLG) is a leading national direct C-PACE lender. PLG benefits from institutional support with capital from funds managed by AB CarVal, a subsidiary of Alliance Bernstein. As a portfolio company of AB CarVal, a subsidiary of Alliance Bernstein, PLG has institutional capital that supports its balance sheet and direct lending capabilities.

C-PACE (Commercial Property Assessed Clean Energy) offers an innovative way to capitalize or recapitalize commercial real estate projects, partnering with banks to offer a credit alternative through a property's construction and stabilization cycle: as part of the original capital stack, to augment the stack mid-construction, or to recapitalize a project post-completion.


As a long-term, fixed-rate, non-recourse financing solution, C-PACE allows commercial property owners to fund energy, water, and resiliency improvements. It is repaid through a special assessment on the property tax bill rather than traditional loan payments. C-PACE programs are enabled at the state level and can finance upgrades such as HVAC systems, solar, lighting, insulation, and storm-resiliency improvements.

From $100 million financing a data center renovation to $7 million to restart stalled construction on a hotel, C-PACE has use cases across the financing spectrum. PLG is a privately held firm, staffed by experience real estate and finance professionals who are responsive and innovative.
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  • Contact:
  • Martha Nevenen, CMO
  • 800 LaSalle Avenue South 1650
  • Minneapolis, MN 55402
  • 651-492-5861
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  • Employees: 37

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