$19.8MM • Oakhurst, CA Transaction Highlights PACE Loan of $19.8MM PACE LTC: 33.79% PACE LTV at Stabilization: 30.7% Capitalized interest period of 17 months 33 months of interest only 26 year amortization c-PACE: $19.8MM Location: Oakhurst, CA Type: New Construction building: Hospitality Term: 30 Years Fixed Status: Closed Project Description Outbound Hotel & Cabins Yosemite…
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$2.1MM• Columbia, MD Transaction Highlights PACE Loan of $2.1MM Total financing of $38.6MM Senior Loan of $36.5MM PACE LTV of 3.9% and Combined LTV of 47.3% Capitalized interest period of 4 months 72 months of interest only 14 year amortization c-PACE: $2.1MM Location: Columbia, MD Type: New Construction building: Business Park Term: 30 Years Fixed…
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$57MM • Ferndale, wa Transaction Highlights Total financing of $57MM Senior Construction Loan of $45MM PACE Loan of $12MM PACE LTV of 12.3% and Combined LTV of 58.1% Capitalized interest period of 32 months 12 months of interest only 26 year amortization c-PACE: $12MM Location: WA Type: New Construction building: Multifamily Term: 30 Years Fixed…
Read MorePACE Program A Good Source for Hotel Funding C-PACE for cap-ex improvements is rapidly gaining acceptance for hotel and hospitality properties, as noted recently by real estate services firm CBRE. “A building-conditions assessment on the physical health of a hotel is often an overlooked area of opportunity, helping to identify a timeline and costs to address building…
Read MoreBayview Arranges $13.1 Million C-PACE Financing for Condominium Development in Huntington Beach CA Much-needed housing for Southern California market gets boost from C-PACE funding Coral Gables FL and Huntington Beach, CA (April 21, 2023) – Bayview Asset Management (“Bayview”) today announced the closing of $13.1 million in an innovative refinance of a new condominium…
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$13.1MM • Huntington Beach, ca Transaction Highlights Total financing of $13.1MM PACE LTV of 31% and Combined LTC of 79% Capitalized interest period of 18 months 29 year amortization c-PACE: $13.1MM Location: CA Type: New Construction/Refinance building: Condominium Term: 29 Years Fixed Status: Closed Project Description Bayview PACE provided a PACE loan for $13.1MM for…
Read MoreC-PACE Increasingly a ‘Back on Track’ Financing Solution Commercial real estate projects hitting financial headwinds is nothing new, but the use of Commercial Property-Assessed Financing (C-PACE) to get them back on track has become a boon lately for developers, owners and project sponsors. The pandemic was a significant market-shock that caused more rapid adoption…
Read MoreBayview PACE Closes on $8.5 Million in C-PACE Financing for 33-Unit Condominium Project in L.A. Proceeds of Commercial Property-Assessed Clean Energy financing for much-needed new housing in Los Angeles Coral Gables FL and Los Angeles, CA (March 22, 2023) – Bayview PACE announced today the closing of $8.5 million in Commercial Property-Assessed Clean Energy…
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$8.5MM • Los Angeles, ca Transaction Highlights Total financing of $8.5 MM LTC of 34.8% and Combined LTC of 76.7% Capitalized interest period of 18 months 29 year amortization c-PACE: $8.5MM Location: CA Type: New Construction building: Condominium Term: 29 Years Fixed Status: Closed Project Description Bayview PACE provided a PACE loan for $8.5MM for…
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$13MM • Simi valley, CA Transaction Highlights Total financing of $13MM 29 Year Term Capitalized Interest of 18 Months c-pace $13MM LTV: 24.4% type: Bridge Loan – Refinance Building: Assisted Living & Memory Care TERM: 29 Year Term Status: Closed Project Description The borrower sought to refinance Varenita of Simi Valley, a Class A senior…
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