Case Studies
Okan Tower
Property Type:
Mixed-Use
Property Subtype:
Hotel/Office/Condo
Purpose:
New Construction
PACE Financing:
$200MM
Term:
N/A
Location:
Miami, FL
Summary
Okan Tower is a 72-story, 902-foot mixed-use high-rise under development in downtown Miami and is slated to become the second-tallest building in Florida upon completion in 2028. Developed by Okan Group, the project includes 163 luxury condominiums, 236 condo-hotel units, a 316-key five-star Hilton hotel, and 56,000 square feet of office space. At the time of closing, the tower was approximately 50% complete, with residential and condo-hotel sales already underway.
Bayview PACE provided $200 million in C-PACE financing to complete the project’s capital stack, delivering long-term,
fixed-rate capital structured in multiple tranches to align with construction progress and funding needs. The financing complemented existing debt and equity, supported continued construction and sales momentum on one of Miami’s most visible developments.
Ready to get started with
C-PACE Financing?
Or do you have additional questions? Connect with our team.
Ready to get started with
C-PACE Financing?
Or do you have additional questions? Connect with our team.