$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 thephysical health of a hotel is often an overlooked area of opportunity, helping to identify a timeline and costs to address building deficiencies……
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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$13.1MM • Huntington Beach, ca Transaction Highlights Total financing of $13.1MM PACE LTV: 12.3% CLTV: 58.1% Capitalized interest period of 17 months 28 year amortization c-PACE: $13.1MM Location: CA Type: New Construction/Refinance building: Condominium Term: 29 Years Fixed Status: Closed Project Description Bayview PACE provided a PACE loan for $13.1MM for the new construction of…
Read MoreC-PACE Increasingly a ‘Back on Track’ Financing Solution Commercial real estate projects hitting financial headwinds is nothing new, but the use of Commercial Property-Assessed Financing (C-PACE) to get them back on track has become a boon lately for developers, owners and project sponsors. The pandemic was a significant market-shock that caused more rapid adoption…
Read MoreBayview PACE Closes on $8.5 Million in C-PACE Financing for 33-Unit Condominium Project in L.A. Proceeds of Commercial Property-Assessed Clean Energy financing for much-needed new housing in Los Angeles Coral Gables FL and Los Angeles, CA (March 22, 2023) – Bayview PACE announced today the closing of $8.5 million in Commercial Property-Assessed Clean Energy…
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$8.5MM • Los Angeles, ca Transaction Highlights Total financing of $8.5 MM PACE LTV: 29.74% CLTV: 65.65% Capitalized interest period of 19 months 26 year amortization c-PACE: $8.5MM Location: CA Type: New Construction building: Condominium Term: 29 Years Fixed Status: Closed Project Description Bayview PACE provided a PACE loan for $8.5MM for the new construction…
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$13MM • Simi valley, CA Transaction Highlights Total financing of $13MM PACE LTV: 24.6% CLTV: 82.5% 1 year of interest only Capitalized Interest of 18 Months c-pace $13MM Location: CA type: Bridge Loan – Refinance Building: Assisted Living & Memory Care TERM: 29 Year Term Status: Closed Project Description The borrower sought to refinance Varenita…
Read MoreBayview PACE Closes on $13 Million in C-PACE Financing for Innovative ‘Look-back’ Funding of 102-Unit Senior Housing Asset Proceeds of Commercial Property-Assessed Clean Energy financing for senior housing retires more expensive capital, unlocks value for redeployment Coral Gables FL and Simi Valley, CA (March 9, 2023) – Bayview PACE today announced the closing of $13 million in…
Read MoreWhy C-PACE Is a Relief Valve in Tight Credit Markets By Anne Hill Bayview’s Anne Hill on how C-Pace is being combined with other products to make projects financeable. 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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