Amalgamated Bank Closes $1.7M Retroactive C-Pace Deal to Revitalize Nashville Retail Space
Amalgamated Bank (Nasdaq: AMAL) has successfully closed a $1.7 million retroactive Commercial Property Assessed Clean Energy (C-PACE) financing deal in Nashville, Tennessee. The financing, executed through Allectrify's FASTPACE Platform under the Davidson County C-PACER Program, supports the renovation of an 80-year-old retail structure.
The project, owned by A. Ray Hospitality, includes various energy-efficient improvements such as LED lighting, high-efficiency HVAC, improved insulation, energy-efficient windows, and storm resiliency measures. The renovated space houses several small businesses, including a new M.L. Rose Craft Beer & Burger location.
As America's largest B Corp bank, this deal reflects Amalgamated Bank's commitment to climate lending and providing accessible capital for sustainable building improvements.
Amalgamated Bank (Nasdaq: AMAL) ha concluso con successo un finanziamento retroattivo di 1,7 milioni di dollari tramite il programma Commercial Property Assessed Clean Energy (C-PACE) a Nashville, Tennessee. Il finanziamento, realizzato attraverso la piattaforma FASTPACE di Allectrify nell'ambito del programma C-PACER della contea di Davidson, supporta la ristrutturazione di un edificio commerciale di 80 anni.
Il progetto, di proprietà di A. Ray Hospitality, comprende diversi interventi per l'efficienza energetica come l'illuminazione a LED, sistemi HVAC ad alta efficienza, miglior isolamento, finestre a risparmio energetico e misure di resilienza contro le tempeste. Lo spazio rinnovato ospita diverse piccole imprese, tra cui una nuova sede di M.L. Rose Craft Beer & Burger.
Come la più grande banca B Corp d'America, questo accordo riflette l'impegno di Amalgamated Bank nel finanziamento climatico e nell'offrire capitale accessibile per miglioramenti edilizi sostenibili.
Amalgamated Bank (Nasdaq: AMAL) ha cerrado con éxito un financiamiento retroactivo de 1,7 millones de dólares mediante el programa Commercial Property Assessed Clean Energy (C-PACE) en Nashville, Tennessee. El financiamiento, realizado a través de la plataforma FASTPACE de Allectrify bajo el programa C-PACER del condado de Davidson, apoya la renovación de un edificio comercial de 80 años.
El proyecto, propiedad de A. Ray Hospitality, incluye diversas mejoras de eficiencia energética como iluminación LED, sistemas HVAC de alta eficiencia, mejor aislamiento, ventanas energéticamente eficientes y medidas de resiliencia ante tormentas. El espacio renovado alberga varias pequeñas empresas, incluyendo una nueva ubicación de M.L. Rose Craft Beer & Burger.
Como el banco B Corp más grande de Estados Unidos, este acuerdo refleja el compromiso de Amalgamated Bank con el financiamiento climático y la provisión de capital accesible para mejoras sostenibles en edificios.
Amalgamated Bank (나스닥: AMAL)은 테네시주 내슈빌에서 170만 달러 규모의 소급 상업용 부동산 청정에너지(C-PACE) 금융 거래를 성공적으로 마무리했습니다. 이 금융은 Davidson 카운티 C-PACER 프로그램 하에 Allectrify의 FASTPACE 플랫폼을 통해 실행되었으며, 80년 된 상업용 건물의 리노베이션을 지원합니다.
A. Ray Hospitality가 소유한 이 프로젝트에는 LED 조명, 고효율 HVAC, 향상된 단열, 에너지 효율 창문, 폭풍 대비 강화 조치 등 다양한 에너지 효율 개선이 포함되어 있습니다. 리노베이션된 공간에는 여러 소규모 업체가 입주해 있으며, 그중에는 새로 오픈한 M.L. Rose Craft Beer & Burger 매장도 있습니다.
미국 최대의 B Corp 은행으로서 이번 거래는 Amalgamated Bank가 기후 금융과 지속 가능한 건물 개선을 위한 접근 가능한 자본 제공에 헌신하고 있음을 보여줍니다.
Amalgamated Bank (Nasdaq : AMAL) a finalisé avec succès un financement rétroactif de 1,7 million de dollars via le programme Commercial Property Assessed Clean Energy (C-PACE) à Nashville, Tennessee. Ce financement, réalisé via la plateforme FASTPACE d'Allectrify dans le cadre du programme C-PACER du comté de Davidson, soutient la rénovation d'un bâtiment commercial vieux de 80 ans.
Le projet, détenu par A. Ray Hospitality, comprend diverses améliorations énergétiques telles que l'éclairage LED, des systèmes HVAC à haute efficacité, une meilleure isolation, des fenêtres économes en énergie et des mesures de résilience aux tempêtes. L'espace rénové accueille plusieurs petites entreprises, dont un nouvel établissement M.L. Rose Craft Beer & Burger.
En tant que plus grande banque B Corp des États-Unis, cette opération reflète l'engagement d'Amalgamated Bank en faveur du financement climatique et de la mise à disposition de capitaux accessibles pour des améliorations durables des bâtiments.
Amalgamated Bank (Nasdaq: AMAL) hat erfolgreich eine rückwirkende Finanzierung in Höhe von 1,7 Millionen US-Dollar über das Commercial Property Assessed Clean Energy (C-PACE)-Programm in Nashville, Tennessee, abgeschlossen. Die Finanzierung wurde über die FASTPACE-Plattform von Allectrify im Rahmen des Davidson County C-PACER-Programms durchgeführt und unterstützt die Renovierung eines 80 Jahre alten Einzelhandelsgebäudes.
Das Projekt, im Besitz von A. Ray Hospitality, umfasst verschiedene energieeffiziente Verbesserungen wie LED-Beleuchtung, hoch effiziente HVAC-Systeme, verbesserte Isolierung, energieeffiziente Fenster und Maßnahmen zur Sturmsicherheit. Der renovierte Raum beherbergt mehrere kleine Unternehmen, darunter einen neuen Standort von M.L. Rose Craft Beer & Burger.
Als größte B Corp Bank Amerikas spiegelt dieser Deal das Engagement der Amalgamated Bank für Klimafinanzierung und die Bereitstellung von zugänglichem Kapital für nachhaltige Gebäudesanierungen wider.
- Successfully closed $1.7M C-PACE financing deal for sustainable building improvements
- Demonstrates capability in executing green financing solutions
- Expands presence in Nashville market through strategic partnership
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Insights
Amalgamated Bank's $1.7M C-PACE deal demonstrates its commitment to sustainable financing and expands its footprint in specialized commercial lending.
Amalgamated Bank (NASDAQ: AMAL) has closed a
The deal's structure is particularly noteworthy as it demonstrates Amalgamated's ability to recapitalize already-completed sustainable building projects. By utilizing Allectrify's FASTPACE platform, the bank has shown it can efficiently execute transactions of various sizes, potentially opening doors to a broader market of similar opportunities that might be too small for larger competitors.
The financing package funded several energy efficiency improvements for an 80-year-old retail building, including LED lighting, high-efficiency HVAC systems, improved insulation, energy-efficient windows, and storm resiliency measures. This aligns with Amalgamated's public positioning as "America's largest B Corp bank" and reinforces its market differentiation strategy centered on sustainable and community-focused banking.
From a business development perspective, this transaction represents Amalgamated's continued penetration into the Nashville market while strengthening its relationship with local business owners. The bank's willingness to finance projects supporting small local businesses rather than just large commercial developments suggests a diversified approach to their C-PACE lending strategy.
While a
Amalgamated Bank and Allectrify Back Green Redevelopment Powering Neighborhood Businesses
NASHVILLE, Tenn., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), today announced the successful closing of a Commercial Property Assessed Clean Energy ("C-PACE") financing under the Davidson County C-PACER Program using Allectrify’s FASTPACE Platform.
The nearly
The property is owned and operated by A. Ray Hospitality, a local restaurant group owned by Austin Ray, himself a Nashville-based restaurateur for over two decades. The project includes electrical improvements related to interior & exterior LED lighting, high-efficiency HVAC, improved roof and wall insulation, energy efficient windows, and storm resiliency measures.
As America’s largest B Corp bank and a national leader in climate lending, Amalgamated Bank’s latest C-PACE closing using the FASTPACE platform reflects an ongoing commitment to enabling access to capital for C-PACE projects of all sizes. This closing highlights how an innovative approach to C-PACE financing can be a force for good, driving investment in healthy building stock and thriving local economies.
C-PACE financing supports long-term, competitive financing for commercial property improvements for energy efficiency, renewable energy, resiliency, and water conservation. Amalgamated Bank is a leader in deploying C-PACE capital, and its partnership with FASTPACE enables efficient closing for projects of all sizes.
“We are proud to lead the industry in providing C-PACE as a solution that empowers commercial property owners to finance energy efficiency, resiliency, and sustainability measures without the barriers of high up-front costs,” said Sam Brown, Chief Banking Officer at Amalgamated Bank. “Allectrify has been a tremendous partner in the execution of this deal, making it a seamless and efficient process.”
“Amalgamated Bank walks the walk when it comes to expanding access to capital and investing in impactful local projects,” said Colin Bishopp, Chief Executive Officer of Allectrify. “This retroactive C-PACE financing for a neighborhood spot in Nashville is another prime example. FASTPACE is proud to provide superior service for all parties to efficiently close on the C-PACE financing for this project.”
About Amalgamated Bank:
Amalgamated Bank, the wholly owned banking subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), is a mission-driven full-service commercial bank and a chartered trust company with a combined network branches in New York City, Washington D.C., San Francisco, and Boston. Amalgamated Bank provides commercial and retail banking products, investment management and trust and custody services, and lending services. Since their founding in 1923, Amalgamated Bank is diligent in fulfilling their mission to be America’s socially responsible bank, empowering organizations and individuals to advance positive change. The businesses that Amalgamated Bank focuses on are generally mission aligned with our core values, including sustainable companies, clean energy, nonprofits, and B Corporations. www.amalgamatedbank.com.
About Allectrify, PBC:
C-PACE made simple for lenders and borrowers. Allectrify’s FASTPACE platform enables banks, credit unions, CDFIs and non-bank lenders to offer C-PACE financing quickly and easily, at no cost to the lender and with reduced transaction costs for borrowers. Through Allectrify’s network of FASTPACE lenders, borrowers can access C-PACE financing for projects of all sizes. https://allectrify.com/.
Media Contacts
Ayele Ajavon
Head of Communications
Amalgamated Bank
929-979-5811
media@amalgamatedbank.com
Lainie Rowland
Allectrify
973-908-9304
lainie@allectrify.com
FAQ
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