Department Of Commerce

Lenders

Last Best PACE operates an open market program allowing property owners to choose their preferred lender for financing eligible projects. Lenders work directly with property owners to set rates and terms. Lenders can be local and national banks, credit unions or even specialty finance firms.

Why Participate in Last Best PACE?

  • Offer a new lending product to attract existing and new customers to finance commercial building improvements.
  • C-PACE is non-recourse, non-accelerable and requires no money down.
  • C-PACE-eligible improvements can reduce operating costs, increase property values and improve a building’s efficiency and comfort, helping attract and retain tenants.

Participating Lenders

Participating lenders are grouped into Montana-based lenders and national C-PACE lenders, with each group listed alphabetically. Lenders’ names are in bold if the lender has closed a C-PACE financing.


Montana-based lenders 

Bravera Bank

www.bravera.bank
Erin Townsend
etownsend@bravera.bank
406-770-3825

Clearwater Federal Credit Union

clearwatercreditunion.org
David Kesler
david.kesler@clearwatercreditunion.org
406-523-3357

Stockman Bank of Montana

stockmanbank.com
Dan Moyer
dan.moyer@stockmanbank.com
406-556-4109

Three Rivers Bank

threeriversbankmontana.com
Scott Hoerth
scott.hoerth@3riversbank.com
406-751-4380

 

National c-pace lenders

Allectrify
fastpace.com

Bayview PACE
bayviewpace.com

CounterpointeSRE
counterpointesre.com

Imperial Ridge
imperialridgecap.com

North Bridge
northbridgeops.com

Nuveen Green Capital
nuveen.com/greencapital

PACE Equity
pace-equity.com

PACE Loan Group
paceloangroup.com

Peachtree Group
peachtreegroup.com/credit

Petros PACE Finance
petros-pace.com

Senior Lenders

Last Best PACE requires consent from any entity holding existing debt on the property.

Why Consent to Last Best PACE?

  • Savings can improve net operating income, increasing the property’s asset value and enhancing both the senior lender’s collateral value and the owner’s ability to make mortgage payments.
  • You can create new revenue streams by becoming a C-PACE lender in addition to being the senior lender.
  • C-PACE assessments do not accelerate. In the event of a default or delinquency, only the outstanding payment is in front of the senior lender position. Once the delinquent payment has been paid, the loan is again in good standing.
  • If the property is sold, the C-PACE assessment may transfer to the new owner.

View Lender Notice and Consent Form

Consenting Lenders

The following lenders have provided consent for Last Best PACE projects.

  • Citizens Alliance Bank
  • Clearwater Federal Credit Union
  • Goldenwest Federal Credit Union
  • Mountain America Credit Union
  • Stockman Bank of Montana