Case Studies

Varenita

senior-housing
Property Type:

Senior Housing

Purpose:

New Construction

PACE Financing:

$12.5MM

Term:

30 Years

Location:

Temecula, CA

Summary 

The borrower sought financing for the development of a 107-unit, 77,200-square-foot garden-style senior living campus. The private-pay community will include 15 independent living units, 60 assisted living units, and a dedicated 32-unit memory care wing.

 

The Opportunity 

Bayview delivered $12.5MM in C-PACE financing to support the project’s ground-up development. The borrower plans to refinance with a long-term HUD execution, and the addition of C-PACE enabled the sponsor to reach 90% combined loan-to-cost—providing meaningful flexibility and reducing upfront equity requirements.

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.