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Stock impact report

Amalgamated Bank Commits $250 Million to FASTPACE Platform to Accelerate C-PACE Lending Nationwide

Amalgamated Financial Corp. (AMAL) 
Last amalgamated financial corp. earnings: 4/30 06:25 am Check Earnings Report
Company Research Source: Business Wire
New capital partnership streamlines access to C-PACE financing for projects of all sizes—enabling faster closings, expanded lender participation, and a renewed emphasis on the underserved middle market NEW YORK--(BUSINESS WIRE)--Amalgamated Bank today 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 that connects property owners and developers to a growing network of more than 40 capital providers nationwide. The commitment dramatically expands access to long-term, flexible C-PACE financing for commercial real estate projects across the country—particularly in the underserved middle market involving projects ranging from $250,000 to $10 million.Unlike traditional, deal-by-deal C-PACE structures, this portfolio-based commitment gives FASTPACE delegated authority to screen and package qualifying projects on behalf of Amalgamated Bank. The result: a faster, mo Show less Read more
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