Innovative combination of C-PACE funding complemented by USDA financing plays key role in $69M rehab and addition of 30 private cabins for ‘new’ 180-key resort in Mammoth Lakes, CA Coral Gables, FL and Mammoth Lakes, CA (June 2024) – Bayview PACE provided $9.5 million in C-PACE financing for redeveloping and expanding the now 180-key…
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$9.5MM • Mammoth Lakes, CA Transaction Highlights PACE + USDA Combo Loan PACE LTV: 12.0% CLTV: 48.3% Capitalized interest period of 12 months 36 months of interest only 26 year amortization c-PACE: $9.5MM Location: Mammoth Lakes, CA Type: Refinance building: Hospitality Term: 30 Years Status: Closed Project Description Sierra Nevada Resort & Spa – Mammoth…
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$15.5MM • Monterey Park, CA Transaction Highlights PACE LTV: 35% CLTV: 35% Capitalized interest period of 28 months 27-year amortization c-PACE: $15.5MM Location: Monterey Park, CA Term: 30 Years Status: Closed Project Description Bayview PACE provides $15.5 million in C-PACE financing for Whitmore Villa, a $52 million multifamily/condominium housing development just outside Los Angeles, CA.…
Read MoreAdding C-PACE to the capital stack fills gap of higher-cost alternatives so commercial real estate projects can begin construction, says Bayview Coral Gables, FL and Monterey Park, CA – Bayview PACE today announced providing $15.5 million in C-PACE financing for Whitmore Villa, a $52 million multi-family housing development just outside Los Angeles developed by Chateau Group…
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$22MM • Kansas City, Mo Transaction Highlights PACE LTV: 31% CLTV: 66.5% Capitalized interest period of 20 months 14-year amortization c-PACE: $22MM Location: Kansas City, MO Term: 20 Years Status: Closed Project Description Bayview PACE provides $22MM CPACE loan as part of the financing package for a redevelopment project in Kansas City, MO. CLOSED BY:…
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$1.3MM • Lake Forest, CA Transaction Highlights PACE LTV: 6.8% CLTV: 79.4% Capitalized interest period of 19 months 29-year amortization c-PACE: $1.3MM Location: Lake Forest, CA Term: 30 Years Status: Closed Project Description Bayview PACE provides $1.3MM in C-PACE financing as part of the refinancing package of a 98-key hotel located in Lake Forest, CA. …
Read MoreEight Reasons Why Banks are Consenting to C-PACE Financing Benefits of C-PACE for Banks Here are a few ways banks are seeing the benefits of C-PACE: C-PACE in the capital stack enables banks to continue the lending relationship with valuable clients while maintaining a healthy deposit-to-loan balance. For mid-stream development projects that previously penciled but…
Read MoreMesa Verde in Durango CO is financed by an innovative combination of C-PACE funding and a USDA-backed bank loan Pairing C-PACE With USDA Financing Solves Funding Crunch for Many U.S. Commercial Real Estate Projects Under-Radar USDA Program Combined with C-PACE Taps A Ready Flow of Capital at Rates and Terms that can be Better than Traditional…
Read MoreC-PACE Is Helping Borrowers ‘Optimize’ the Capital Stack By Anne Hill February 7, 2024 This financing tool, packaged with conventional loans, has been a relief valve in tight markets. Developers, owners and project sponsors are bracing for an economic downturn, and many of them are already pulling back from new development or stopping projects mid-stream because…
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$15.4MM • Ocala, FL Transaction Highlights PACE LTV: 34.41% CLTV: 57% Capitalized interest period of 15 months 22-year amortization I/O: 7 Years c-PACE: $15.4MM Location: Ocala, FL Term: 30 Years Status: Closed Project Description Bayview PACE closes $15.4 million in C-PACE financing for key upgrades to the 732,742 square-foot Ocala Distribution Center, a project of…
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