On October 24, 2025, Amalgamated Bank, the wholly‑owned banking subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL), announced a capital commitment of up to $250 million to fund commercial real‑estate projects originated through FASTPACE.com, Allectrify’s tech‑enabled C‑PACE lending platform.
The commitment expands access to long‑term, flexible C‑PACE financing for projects ranging from $250,000 to $10 million, targeting the underserved middle‑market segment. By granting FASTPACE delegated authority to screen and package qualifying projects, the bank can offer a faster, more efficient process that allows property owners and developers to close deals with confidence while enabling capital providers to scale their activity without building an internal team.
This move reinforces Amalgamated Bank’s position as a leader in sustainable finance and broadens its loan portfolio across a wider range of project sizes. The partnership is expected to increase the bank’s revenue from fee income and interest on C‑PACE loans, while strengthening its competitive moat in the growing clean‑energy lending market.
Sam Brown, Amalgamated Bank’s Chief Banking Officer, said, “FASTPACE brings the kind of speed and standardization this market will greatly benefit.”
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