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PACE Loan Group Hires C-PACE Expert Michael Jarmolowich as Managing Director to Continue Expansion

PACE Loan Group Hires C-PACE Expert Michael Jarmolowich as Managing Director to Continue Expansion
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PACE Loan Group Raises Additional $75 Million for C-PACE Assets

Share this article Share this article MINNEAPOLIS, Jan. 12, 2021 /PRNewswire/  PACE Loan Group (www.paceloangroup.com), a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, announces that it has raised $75 million in committed capital from Nuveen, the investment manager of TIAA. This marks PACE Loan Group s second investment from Nuveen in two years, for a total of $150 million. The deal, which was structured by Stifel, Nicolaus & Co., Inc. positions PACE Loan Group to lend on C-PACE assets across the country. Despite the pandemic shifting the real estate landscape nationwide, PACE Loan Group is busier than ever, helping developers complete capital stacks, helping property owners obtain rescue capital, or simply upgrade their properties, said Rafi Golberstein, President and CEO of PACE Loan Group.  We have closed C-PACE projects across 12 states, providing tens of millions of dollars of financing to property owners in an efficient and prudent m

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