Case Studies

Summary 

The borrower had a long-standing relationship with a senior lender that remained committed to the project but needed to stay within its target hold and broader credit parameters. Rather than bring in another bank participant that could introduce deposit requirements, intercreditor negotiations and additional control rights, the financing team sought a capital partner that could integrate cleanly alongside the senior loan while preserving the bank’s lead position and borrower relationship.

The Opportunity 

Bayview PACE provided $15.6 million of C-PACE financing as a complementary source of capital alongside the senior construction loan. The structure allowed the bank to remain within its approved hold, retain the lead lending relationship and preserve the project’s deposits. Bayview PACE worked within the existing capital structure to deliver a coordinated closing that supported both the bank’s credit objectives and the borrower’s construction plan.