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Amalgamated Bank Commits $250 Million to FASTPACE Platform to Accelerate C-PACE Lending Nationwide
Businesswire· 2025-10-22 21:27
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]