$20.1MM • Kansas City, MO
Transaction Highlights
PACE LTV: 28.8%
CLTV: 73.4%
- Capitalized interest period of 29 months
- Interest only period of 12 months
- 17 year amortization
c-PACE:
$20.1MM
Location:
Kansas City, MO
Type:
New Construction
building:
Industrial
Term:
20 Years
Status:
Closed
Project Description
Bayview PACE provides $20.1 million in C-PACE financing for construction of a $72 million, 324,000 square-foot headquarters and flex/industrial facility for Master’s Transportation in Kansas City, MO. The Commercial Property-Assessed Clean Energy financing (C-PACE) provided a complementary role in the capital stack of the development, which is now under construction toward a 2025 opening. Other financing includes a $31 million construction loan and $20 million in sponsor equity.
