High Leverage Construction Solutions

Bayview PACE works with commercial property owners and developers to provide higher leverage construction C-PACE financing that combines traditional construction lending with PACE lending. As part of Bayview Asset Management, an investment management firm with $15B in AUM, Bayview PACE offerings come with a level of trust and a certainty of execution.
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Bayview C-PACE Financing
Commercial Property Financing

Competitive & Flexible Structuring Options

Comprehensive Capital Solutions

Certainty & Execution

Professional Analysis

Bayview PACE

Commercial Property Assessed Clean Energy (“C-PACE financing”) is a cost-effective financing tool for property owners and developers that helps them fill a gap in their capital stack and enables them to realize their vision for their assets. Commercial PACE financing is repaid through annual or semi-annual real property tax assessments.
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  • Consistently lower rates and fees
  • Longer capitalized interest period
  • Up to a 10-year interest-only period*
  • C-PACE financing lookback of 3+ years*
  • Construction Financing Transactions from $500,000 - $100MM+
  • Approval at loan application (subject to due diligence), ensuring a smooth closing process.
  • Up to 30% PACE LTV and 90% combined LTV
  • Structuring expertise across the capital stack including Construction, Mezz and Bridge Loans
  • *may be limited by program availability

Common Use of C-PACE Financing

New Construction

Higher-leverage, low-cost alternative to mezzanine construction financing

Building Repositioning

Funding for deferred maintenance or building upgrades to attract and retain tenants

Mandated Building Upgrades

Financing solutions to satisfy government imposed mandates or new COVID-19 protocols

Retroactive

Rescue Capital

Ideal for properties with a pressing need for capital and a deferred payment structure from their lender

Equity Refinance

Free up equity from your investments

Bridge Financing

C-PACE financing can provide funds for recently completed projects that need time to stabilize

Download Mortgage Lender Guide to C-PACE Financing

Download our Commercial Mortgage Lender Guide. This is a useful resource for banks, debt funds or anyone who is new to working with C-PACE. The memo includes the following:

  • Overview of the C-PACE financing structure
  • Explanation of priority of payments
  • Defaults, missed payments or foreclosure scenarios
  • Best practices for how lenders underwrite for C-PACE
  • List of consenting lenders
Download the E-Guide Now

Download State by State Program Details

View State by State Program Details

Recent Closing: $42.5MM Hotel in Arcadia, CA

  • Financing: $42.5 million
  • Purpose: Refinance
  • Term: 30 Years
  • Eligible PACE Uses: Building envelope, lighting and electrical, mechanical, plumbing and water efficiency, elevators

Recent Closing: Office Park in Dallas, TX

  • Financing: $500,000
  • Purpose: Acquisition
  • Term: 25 Years
  • Projected Energy Savings: $43,902.33/Year
  • Eligible PACE Uses: HVAC replacement

Recent Closing: Medical Facility in Philadelphia, PA

  • Financing: $4.3 million
  • Purpose: Refinance
  • Term: 30 Years
  • Projected Energy Savings: $454,198
  • Eligible PACE Uses: Steam boiler replacement, chiller replacement

Trusted Partners

Fred Lee
Senior Vice President
"We already have the infrastructure and operations necessary to execute C-PACE transactions quickly and efficiently. Knowing the program and the New York City ("NYC") market as well as I do, I couldn’t be more enthusiastic about serving the needs of property owners in NYC and helping the city achieve its ambitious carbon reduction targets."
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Anne Hill
Senior Vice President
"Bayview has the resources, capital and expertise to independently finance the largest, most complex transactions - from origination to execution. I believe we have what it takes to effectively address this growing need and become a leader in this space."
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Jason Clouet
Vice President
"Client focused and results oriented approach to deliver solutions-based lending and servicing."
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Recent C-PACE Financing Transactions

C-PACE Financing at Work

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