Coral Gables, FL and Cocoa Beach, FL (Jan 13, 2025) – Bayview PACE has announced a record-breaking $137 million in Commercial Property-Assessed Clean Energy (C-PACE) funding for the development of the $420 million Westin Cocoa Beach Resort & Spa. This landmark project will feature 502 rooms and is the largest C-PACE deal in Florida’s history. A…
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$137MM • Cocoa Beach, FL Transaction Highlights PACE LTV of 27.9% CLTV of 42.2% Interest Only of 4 Years 26 Year Amortization c-PACE: $137MM Location: Cocoa Beach, FL Type: New Construction building: Hospitality Term: 29 Years Status: Closed Project Description Westin Cocoa Beach Resort & Spa Driftwood Capital’s signature Westin Cocoa Beach Resort & Spa,…
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$1.8MM – Glendora, CA Transaction Highlights PACE LTV: 7.8% CLTV: 80.2% Capitalized interest period of 3 months Interest only period of 54 months 15 year amortization c-PACE: $1.8MM Location: Glendora, CA Type: Renovation building: Office Project Description Bayview PACE provides $1.8MM C-PACE financing for the renovation of an office property located at 725 South Grand…
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By Anne Hill September 25, 2024 Anne Hill of Bayview C-PACE on how the program unlocks value and facilitates development While the cohort of Americans moving into retirement continues accelerating, the senior housing supply is not keeping up, according to JLL in a recent MHN trends report. And this year, research from the National Investment Center…
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$3.4MM – Dallas, TX Transaction Highlights PACE LTV: 7.0% CLTV: 80.1% Capitalized interest period of 17 months Interest only period of 24 months 21 year amortization c-PACE: $3.4MM Location: Dallas, TX Type: Refinance building: Office Project Description Bayview PACE provides $3.4 million in C-PACE financing for a Office project in Dallas, TX. Press Release CLOSED…
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$3.8MM – Los Angeles, CA Transaction Highlights PACE LTV: 31.7% CLTV: 62% Capitalized interest period of 25 months Interest only period of 36 months 25 year amortization c-PACE: $3.8MM Location: Los Angeles, CA Type: New Construction building: Multifamily Term: 30 Years Status: Closed Project Description Bayview PACE provides $3.5 million in C-PACE financing for a…
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Newest application of innovative C-PACE financing utilized for senior housing at Hampton Manor-Taylor MI Coral Gables, FL (Sept. 19, 2024) – Bayview PACE today announced providing $4.3 million in innovative C-PACE financing for the 81-unit Hampton Manor-Taylor senior housing community in Taylor, MI. Project sponsor is Cape Coral, FL-based Build Senior Living,…
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$4.3MM • Taylor, MI Transaction Highlights PACE LTV: 16.7% CLTV: 61.9% Capitalized interest period of 17 months Interest only period of 24 months 17 year amortization c-PACE: $4.3MM Location: Taylor, MI Type: Refinance building: Senior Housing Term: 24 Years Status: Closed Project Description Bayview PACE provides $4.3 million in C-PACE financing for a senior living…
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NYC Program Releases Updates Just this week, New York City releases its C-PACE program guidelines. The guidelines are expected to pave the way for new construction and energy retrofits on thousands of NYC buildings. • New Construction and Major Renovations must be defined as a “Low Carbon Building” • C-PACE loans are capped at 30% of the total construction…
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Insights & Perspectives 08/07/24 By: Steve McGee | Rob McAdams With the higher interest rate environment constraining banks and seniors housing and healthcare borrowers alike, there may be value in knowing more about C-PACE. An acronym for commercial property-assessed clean energy, C-PACE is a financing structure that was created to encourage developers and owners to incorporate…
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