Industrial – Ocala, FL

$15.4MM • Ocala, FL

Transaction Highlights

  • PACE LTV: 34.41%
  • CLTV: 57%

  • Capitalized interest period of 15 months

  • 22-year amortization
  • I/O: 7 Years
c-PACE:

$15.4MM

Location:

Ocala, FL

Term:

30 Years

Status:

Closed

Project Description

Bayview PACE closes $15.4 million in C-PACE financing for key upgrades to the 732,742 square-foot Ocala Distribution Center, a project of North Empire LLC  located at 6045 SE 83rd St., Ocala FL. The C-PACE funding will be utilized for major renovation components including roof replacement, door and exterior improvements, dock repairs, electrical work, and LED lighting.

Press Release
Case Study

CLOSED BY:

Bayview PACE
844-518-2343