Core Insights - Embrace Home Loans has entered into an agreement with Amalgamated Bank to provide residential mortgage financing for the bank's customers, enhancing their service offerings [1][2] Group 1: Agreement Details - Amalgamated Bank will direct customers seeking residential mortgages to Embrace, which will originate and service mortgage loans through a tailored platform [2] - The partnership allows Amalgamated Bank's customers to access a wider range of home financing products and dedicated lending support [2] Group 2: Customer Benefits - Customers will benefit from Embrace's proprietary Approved to Close program, which certifies property value and offers a $10,000 cash guarantee to sellers, making bids more competitive [3] - Access to Embrace's Property Value Certificate will enable customers to waive appraisal contingencies, streamlining the home buying process [3] - Personalized support will be provided by Embrace's dedicated loan officers to enhance customer experience [3] Group 3: Strategic Focus - The agreement supports Amalgamated Bank's strategic focus on maintaining strong client relationships while expanding its service capabilities [4]

Core Insights - Amalgamated Bank has announced a $5 million loan to Finanta, a community development financial institution (CDFI), aimed at enhancing economic opportunities for individuals and businesses in Pennsylvania, New Jersey, and Delaware [1][2] - The funding will support various sectors including affordable housing, healthy food access, childcare, education, healthcare, and small businesses [1][2] - Finanta's model allows for reinvestment of loan payments into the community, creating a continuous cycle of funding for local projects [3] Company Overview: Amalgamated Bank - Amalgamated Financial Corp. is a Delaware public benefit corporation and bank holding company, operating through its subsidiary, Amalgamated Bank [4] - The bank, established in 1923, provides a full range of commercial banking and trust services, with branches in New York City, Washington D.C., San Francisco, and a commercial office in Boston [4] - Amalgamated Bank is a member of the Global Alliance for Banking on Values and is a certified B Corporation [4] Company Overview: Finanta - Finanta, previously known as Community First Fund, is a nonprofit CDFI focused on economic opportunities in low-income neighborhoods through loans and credit union services [5] - Since its inception in 1992, Finanta has provided financing solutions to entrepreneurs, small businesses, and nonprofits in the greater Philadelphia area and surrounding regions [5] - As of 2025, Finanta manages over $250 million in capital aimed at building vibrant and healthy communities [5]

Core Insights - Amalgamated Bank has announced a capital commitment of up to $250 million to fund commercial real estate projects through FASTPACE.com, a tech-enabled C-PACE lending platform [1] - This commitment significantly enhances access to long-term, flexible C-PACE financing for commercial real estate projects across the United States, especially in underserved areas [1] Company Summary - Amalgamated Bank is expanding its role in the commercial real estate financing sector by partnering with Allectrify's FASTPACE.com platform [1] - The partnership connects property owners and developers with a network of over 40 capital providers nationwide, facilitating increased funding opportunities [1] Industry Summary - The C-PACE (Commercial Property Assessed Clean Energy) financing model is gaining traction, providing a mechanism for property owners to secure funding for energy efficiency and renewable energy projects [1] - The expansion of C-PACE financing is particularly beneficial for underserved markets, indicating a growing focus on inclusive financing solutions within the commercial real estate industry [1]

Core Insights - Bridge Renewable Energy (BRE) has successfully closed a portfolio financing of $80 million in a delayed draw term loan facility and $5 million in a revolving credit facility, aimed at supporting the development of solar and energy storage projects across nine U.S. states [1][2][3] Financing Details - The financing structure includes a construction-to-term loan, preferred equity bridge loan, and tax credit bridge loan capacity, specifically designed to support a 40 MW portfolio comprising 42 community solar and commercial and industrial solar projects [2][3] - The financing is arranged by Investec Bank, with participation from Amalgamated Bank and Farmer Mac, highlighting the collaborative effort in securing capital for renewable energy projects [1][3] Industry Context - The transaction underscores the challenges faced by distributed solar and energy storage sectors in accessing efficient capital, emphasizing the need for innovative financing solutions to accelerate deployment in the U.S. [3][4] - Energetic Capital's EneRate Credit Cover® policy is utilized to mitigate offtaker credit risk, showcasing the importance of risk management tools in renewable energy financing [3][4] Company Background - Bridge Investment Group, the parent company of BRE, manages approximately $50 billion in assets as of June 30, 2025, and focuses on specialized asset classes, including renewable energy [8] - Investec Bank, a key partner in this financing, operates in multiple regions and is dedicated to creating long-term value for stakeholders, reinforcing its commitment to sustainable investment practices [9]

Core Insights - Amalgamated Bank successfully closed a nearly $1.7 million retroactive C-PACE financing for a redevelopment project in Nashville, utilizing Allectrify's FASTPACE platform [2][4]. Company Overview - Amalgamated Bank is a mission-driven full-service commercial bank and a leader in climate lending, focusing on socially responsible banking and empowering organizations aligned with sustainable practices [7]. - Allectrify provides a platform that simplifies C-PACE financing for lenders and borrowers, enabling quick and cost-effective access to capital for energy efficiency projects [8]. Project Details - The financed project involved a gut rehabilitation of an 80-plus year-old retail structure, which now houses several small businesses, including M.L. Rose Craft Beer & Burger [2][3]. - Improvements made in the project include LED lighting, high-efficiency HVAC systems, enhanced insulation, energy-efficient windows, and storm resiliency measures [3]. Financing Mechanism - C-PACE financing supports long-term, competitive financing for commercial property improvements focused on energy efficiency, renewable energy, resiliency, and water conservation [5]. - Amalgamated Bank's partnership with Allectrify enhances the efficiency of closing C-PACE projects, making it accessible for projects of all sizes [5][6].

Core Insights - Amalgamated Bank successfully closed a C-PACE financing deal under the Massachusetts Program, utilizing Allectrify's FASTPACE Platform [1][5] - The financing will support a 205kW solar PV installation and roofing upgrades at an industrial property owned by Marder Seafood, a leader in sustainably sourced seafood [2][4] - The project is expected to generate over $1.9 million in lifetime energy cost savings [4] Company Overview - Amalgamated Bank invests nearly 40% of its lending portfolio in climate protection solutions, emphasizing its commitment to decarbonization and renewable energy [3][6] - The bank has over $1.2 billion in PACE assets in its investment portfolio, positioning itself as a leader in providing energy-saving financing solutions [6] - Amalgamated Bank operates a mission-driven model, focusing on sustainable companies, clean energy, and nonprofits since its founding in 1923 [7] Industry Context - C-PACE financing provides long-term, competitive funding for energy efficiency and renewable energy improvements in commercial properties [5] - The recent transaction marks the fourth financing closed under the Massachusetts C-PACE Program since its inception in 2020 [5] - Allectrify's FASTPACE platform facilitates efficient C-PACE execution, enabling access to financing for projects of various sizes [8]