Bayview PACE Closes $2 Million in C-PACE to Convert Michigan Office 132,000 square-foot office property outside Grand Rapids MI uses flexible, innovative C-PACE to fund improvements in church conversion Coral Gables, FL and Holland Township, MI – Bayview PACE today announced providing $2 million in C-PACE financing for key improvements in the conversion of a…
Read MoreC-PACE Gains Popularity for Seniors Housing Construction Development Finance Industry Voices September 26, 2023 By Jason Clouet, Bayview PACE For seniors housing developers and project sponsors, the timing of the growing adoption of commercial property assessed clean energy (C-PACE) financing couldn’t be better. While demographics show demand for housing is rising, many new seniors housing…
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$3.5MM • columbia, MO Transaction Highlights PACE Loan of $3.5MM PACE LTV: 6.5% CLTV: 76.7% Interest only 4 months c-PACE: $3.5MM Location: Columbia, MO Type: New Construction building: Hospitality Term: 20 Years Fixed Status: Closed Project Description Bayview PACE Provides $3.5 Million C-PACE Financing for a hospitality project in Columbia, MO. CLOSED BY: Bayview [email protected]
Read MoreFive Key Trends Are Now Accelerating C-PACE Finance Adoption Taking a market pulse, it’s clear that commercial property-assessed clean energy (C-PACE) financing is surging in popularity, driven largely by the current upheaval in the traditional capital markets. For some project sponsors, C-PACE has in fact taken on urgency because the real estate industry’s typical go-to…
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$5MM • Pasadena, CA Transaction Highlights PACE Loan of $5MM PACE LTV: 33.75% CLTV: 69.77% Capitalized interest period of 13 months 24 months of interest only 26.5 year amortization c-PACE: $5MM Location: Pasadena, CA Type: New Construction building: Condominium Term: 30 Years Fixed Status: Closed Project Description Bayview PACE Provides $5 Million C-PACE Financing for…
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$19.8MM • Oakhurst, CA Transaction Highlights PACE Loan of $19.8MM PACE LTV: 30.6% CLTV: 45.9% Capitalized interest period of 26 months 3 years of interest only 25 year amortization c-PACE: $19.8MM Location: Oakhurst, CA Type: New Construction building: Hospitality Term: 30 Years Fixed Status: Closed Project Description Outbound Hotel & Cabins Yosemite Bayview PACE Provides…
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$2.1MM• Columbia, MD Transaction Highlights PACE Loan of $2.1MM Total financing of $38.6MM Senior Loan of $36.5MM PACE LTV: 3.9% CLTV of 47.3% Capitalized interest period of 5 months 72 months of interest only 14 year amortization c-PACE: $2.1MM Location: Columbia, MD Type: New Construction building: Business Park Term: 20 Years Fixed Status: Closed Project…
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$57MM • Ferndale, wa Transaction Highlights Senior Construction Loan of $45MM PACE Loan of $12MM PACE LTV: 12.5% CLTV of 59.3% Capitalized interest period of 32 months 12 months of interest only 26 year amortization c-PACE: $12MM Location: WA Type: New Construction building: Multifamily Term: 30 Years Fixed Status: Closed Project Description Innovative combo-loan package…
Read MorePACE Program A Good Source for Hotel Funding C-PACE for cap-ex improvements is rapidly gaining acceptance for hotel and hospitality properties, as noted recently by real estate services firm CBRE. “A building-conditions assessment on the physical health of a hotel is often an overlooked area of opportunity, helping to identify a timeline and costs to address building…
Read MoreBayview Arranges $13.1 Million C-PACE Financing for Condominium Development in Huntington Beach CA Much-needed housing for Southern California market gets boost from C-PACE funding Coral Gables FL and Huntington Beach, CA (April 21, 2023) – Bayview Asset Management (“Bayview”) today announced the closing of $13.1 million in an innovative refinance of a new condominium…
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