Case Studies

Summary 

The sponsor who is a repeat borrower of Bayview was seeking to refinance their acquisition and construction loan. Due to the size of the loan the $25 million USDA funding limit left a gap in loan proceeds. Bayview provided PACE financing to retroactively fill the gap remaining in the capital stack. 

The Opportunity 

Bayview structured a $9.5 million C-PACE loan for this project. The $25 million USDA loan from First Bank of the Lake, combined with the C-PACE funding, are key components of the $69 million capital stack for the transaction. Bayview closed a critical funding gap and developed an effective model for the development. By structuring the loan to optimize the capital stack. Bayview demonstrated its unique ability to meet the growing demand for such package loans in commercial real estate, especially in tightening debt markets. 

Outbound Mammoth Lakes