Case Studies

Summary 

The Sponsor, a repeat client of Bayview’s, was seeking a compelling capital structure for the refinance of a senior living project, to provide cash-out equity to the sponsor for future projects in their pipeline, and to pay-down the existing bridge lender. 

The Opportunity  

Bayview structured a unique “look-back” C-PACE loan, refinancing sponsor for $6MM in PACE-eligible costs and unlocking additional value in the asset through a cash-out transaction to equity and pay-down of the existing bridge loan. Bayview structured a loan that effectively optimized the capital stack. Bayview and the borrower seamlessly executed the transaction approximately six weeks after the term sheet was signed.