Bayview PACE Closes on $13 Million in C-PACE Financing for Innovative ‘Look-back’ Funding of 102-Unit Senior Housing Asset Proceeds of Commercial Property-Assessed Clean Energy financing for senior housing retires more expensive capital, unlocks value for redeployment Coral Gables FL and Simi Valley, CA (March 9, 2023) – Bayview PACE today announced the closing of $13 million in…
Read MoreWhy C-PACE Is a Relief Valve in Tight Credit Markets By Anne Hill Bayview’s Anne Hill on how C-Pace is being combined with other products to make projects financeable. Developers, owners and project sponsors are bracing for an economic downturn, and many of them are already pulling back from new development or stopping projects mid-stream because…
Read MoreBayview Closes on Combined Innovative C-PACE and Construction Loan Package for $63.5 Million Mixed-Use Development in Florida First of its kind finance combination of C-PACE and traditional construction mortgage kick-starts 153-unit mix-use project next to Florida State University, Tallahassee Coral Gables FL and Tallahassee FL (Feb. 6, 2023) – Bayview Asset Management (“Bayview”)…
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$63.5MM • Tallahassee, fl Transaction Highlights Total financing of $63.5MM PACE Loan $15.5MM Construction Loan $48MM 30 Year Term on PACE Capitalized Interest Period of 19 Months LOAN $63.5MM Combined LTC: 67.26% type: New Construction Building: Mixed Use: Student Housing & Retail TERM: 30 Year on PACE Status: Closed Project Description $63.5 Million Mixed-Use Development…
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$4MM • Ormond, fl Transaction Highlights Total financing of $4MM LTC of 10% and CLTC of 80% 25 years fixed Capitalized Interest Period of 3 years c-pace $4MM LTC: 10% type: New Construction Building: Senior Housing TERM: 25 Years Fixed Status: Closed Project Description The Ravella at Ormond Beach is a new 3 story Senior…
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$3.3MM • Baltimore, MD Transaction Highlights Total financing of $3.3MM LTV of 12% and CLTV of 76% 25 years fixed Capitalized interest period of 1.5 years Interest-Only Period of 5 years c-pace $3.3MM LTV: 12% type: Retrofit building: Multifamily term: 25 Years Fixed Status: Closed Project Description The borrower purchased a historic building in downtown…
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$5MM • Alexandria, MN Transaction Highlights Total financing of $5MM LTV of 13% and CLTV of 70% 21 years fixed Capitalized interest period of 1.5 years c-pace: $5MM LTV: 13% type: New Construction building: Mixed-Use term 21 Years Fixed Status: Closed Project Description The borrower was looking to finance the new construction of a 4-story,…
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$12.5MM • Southern, CA Transaction Highlights Total financing of $12.5MM LTC of 25% and CLTC of 90% 30 years fixed Capitalized Interest Period of 2.5 years c-pace $12.5MM LTV: 25% type: New Construction Building: Senior Housing TERM: 30 Years fixed Status: Closed Project Description The borrower was seeking financing for the development of a 107-unit/113,…
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$1.4MM • austin, tx Transaction Highlights Total financing of $1.4MM c-pace: $1.4MM Rate: N/A Type: New Construction building: Hospitality term: N/A Status: Closed Project Description The borrower was looking to build a new service hotel. The borrower was looking for high leverage financing solution to accompany their plan to hold the property for long term…
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$4.5MM • Macon, GA Transaction Highlights Total financing of $5MM c-pace: $4.5MM Rate: N/A type: Renovation building: Hospitality term N/A Status: Closed Project Description The borrower was looking to finance for the renovation/reposition. Total development costs were approximately $4.5MM.
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