$42.5MM • arcadia, ca Transaction Highlights Total financing of $42.5MM PACE LTV: 41.30% CLTV: 69.48% 30 Years Interest Only Period of 1 year c-pace $42.5MM LOCATION: CA TYPE: New Construction Building: Hospitality Term: 30 Years Status: Closed Project Description The Le Meridien Hotel completed construction in Spring of 2021 during the Covid-19 Pandemic. The construction…
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$11.8MM • Hollywood, FL Transaction Highlights Total financing of $11.8MM LTV of 23% CLTV of 77% 30 years fixed Capitalized interest period of 3.5 years Interest-Only Period of 4 years c-PACE: $11.8MM Location: FL Type: New Construction building: Condominium Term: 30 Years Fixed Status: Closed Project Description Condominium Project in Hollywood, FL. Total project cost…
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By: Alejandra Torres Fred Lee, former Co-CEO of New York City Energy Efficiency Corporation (NYCEEC), is joining Bayview Asset Management, LLC to help lead its newly-minted Commercial PACE program. A green renaissance is underway in the Big Apple. New York City is leading the charge, through its new PACE program, to develop environmentally-friendly buildings…
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By: Alejandra Torres As the commercial real estate industry ushers in a new energy-efficient era with Commercial Property Assessed Clean Energy (“C-PACE”) financing, Bayview PACE is already shaping up to be a key player in providing this accretive form of finance for property owners. Bayview PACE, operating in ‘stealth’ mode, announced that it has…
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By: Anne Hill Picture this: A developer builds a brand new, state-of-the art hotel in sunny Arcadia, California. The design is pristine with all the amenities you can think of, and the location is picture-perfect for globetrotters hoping to catch a glimpse of the San Gabriel Mountains in real life. The only problem? The…
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