$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…
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Bayview 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…
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Why 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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Bayview Closes on Combined Innovative C-PACE and Construction Loan Package for $63.5 Million Mixed-Use Development in Florida First of its kind finance combination of C-PACE and traditional construction mortgage kick-starts 153-unit mix-use project next to Florida State University, Tallahassee Coral Gables FL and Tallahassee FL (Feb. 6, 2023) – Bayview Asset Management…
Read More $63.5MM • Tallahassee, fl Transaction Highlights Total financing of $63.5MM PACE Loan $15.5MM Construction Loan $48MM PACE LTV: 14.4% CLTV: 58.8% 30 Year Term on PACE Capitalized Interest Period of 18 Months LOAN $63.5MM LOCATION: FL type: New Construction Building: Mixed Use: Student Housing & Retail TERM: 30 Year on PACE Status: Closed Project Description…
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$4MM • Ormond, fl Transaction Highlights Total financing of $4MM PACE LTV: 7.8% CLTV: 60.6% Capitalized Interest Period of 2 years Interest only of 3 years c-pace $4MM LOCATION: FL type: New Construction Building: Senior Housing TERM: 30 Years Status: Closed Project Description The Ravella at Ormond Beach is a new 3 story Senior Living…
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$3.3MM • Baltimore, MD Transaction Highlights Total financing of $3.3MM PACE LTV: 11.9% CLTV: 76.4% 25 years Capitalized interest period of 1.5 years Interest-Only Period of 5 years c-pace $3.3MM LOCATION: MD term: 25 Years Status: Closed Project Description The borrower purchased a historic building in downtown Baltimore with plans to convert it into a…
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$5MM • Alexandria, MN Transaction Highlights Total financing of $5MM PACE LTV: 13.1% CLTV: 69.8% 21 years fixed Capitalized interest period of 1.5 years c-pace: $5MM LOCATION: MN type: New Construction building: Mixed-Use term 21 Years Fixed Status: Closed Project Description The borrower was seeking to finance the new construction of a 4 story mixed-use…
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$12.5MM • Southern, CA Transaction Highlights Total financing of $12.5MM PACE LTV: 18.4% CLTV: 66.9% 30.4 Years Capitalized Interest Period of 2.5 years c-pace: $12.5MM LOCATION: CA type: New Construction Building: Senior Housing TERM: 30 Years Status: Closed Project Description The borrower was seeking financing for the development of a 107-unit/113, 77,200 sq ft GBA…
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$2.1MM • Norfolk, NE Transaction Highlights Total financing of $2.1MM PACE LTV: 18% CLTV: 93% 30 years fixed Capitalized Interest Period for 1.5 years c-pace: $2.1MM Location: NE Type: New Construction building: Hospitality term: 30 Years Fixed Status: Closed Project Description The borrower was looking to build a new 90-key Marriott-flagged extended-stay/limited service hotel. The…
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