$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 Description
Combination of C-PACE and traditional mortgage anchors acquisition of well-located business park (Old Dobbins) in Columbia MD in Baltimore/Washington corridor.
- Bayview PACE provided $2.1 million in Commercial Property-Assessed Clean Energy (C-PACE) funding.
- Oceanview Life and Annuity Co., brought in $36.5 million of construction financing.
Both affiliates of Bayview Asset Management.
