$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: Student Housing TERM: 30 Year on PACE Status: Closed Project Description $63.5 Million Student Housing…
$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…
$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…
$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…
$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…
$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…
$1.4MM • austin, tx Transaction Highlights Total financing of $1.4MM c-pace: $1.4MM Location: TX Type: New Construction building: Hospitality term: N/A Status: Closed Project Description The borrower was looking to build a new service hotel. The borrower was looking for high leverage financing solution to accompany their plan to hold the property for long term…
$4.5MM • Macon, GA Transaction Highlights Total financing of $5MM c-pace: $4.5MM Location: GA type: Renovation building: Hospitality term N/A Status: Closed Project Description The borrower was looking to finance for the renovation/reposition. Total development costs were approximately $4.5MM.
$500,000 • Dallas, TX Transaction Highlights Total financing of $500,000 PACE LTV: 6.94% CLTV: 77.36% 25 Years Interest-Only Period for 6 months c-pace $500,000 Location: TX type: Retrofit building: Office term: 25 Years Status: Closed Project Description White Rock Tower, Dallas Texas. The subject property is a 73,000 square foot multi-tenanted, six-story, suburban office building…
$4.3MM • Pennsylvania Transaction Highlights Total financing of $4.3MM across 4 properties PACE LTV: 9% CLTV: 75% 25 years Interest-Only Period for a year Non-recourse with no covenants c-pace: $4.3MM LOCATION: PA Type: Retrofit Building Healthcare term: 25 Years Status: Closed Project Description A former historic hospital campus had been converted into a multi-use medical…
