Case Studies
Whitmore Villa
Property Type:
Multifamily/Condominium
Purpose:
New Construction
PACE Financing:
$15.5MM
Term:
30 Years
Location:
Monterey Park, CA
Summary
Having successfully collaborated on previous projects with Bayview, the developer initially planned to use all equity for their new development. However, they once again recognized the distinct advantages of C-PACE financing and decided to leverage it for this project.
The Opportunity
The developer was able to preserve a portion of their equity, reduce overall cost of capital, and improve the project’s financial performance. By reducing their cash flow needs through the use of C-PACE, the developer was able to redirect their available funds towards other projects. Bayview structured a $15.5MM C-PACE loan for this project. Consequently, the developer could accelerate their overall project pipeline, enhance the value of their portfolio, and capitalize on new opportunities.
Ready to get started with
C-PACE Financing?
Or do you have additional questions? Connect with our team.
Ready to get started with
C-PACE Financing?
Or do you have additional questions? Connect with our team.