$2.1MM• Columbia, MD
- 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
30 Years Fixed
Combination of C-PACE and traditional mortgage anchors acquisition of well-located business park (Old Dobbins) in Columbia MD in Baltimore/Washington corridor.
- Bayview PACE provided $2.1 million in Commercial Property-Assessed Clean Energy (C-PACE) funding.
- Oceanview Life and Annuity Co., brought in $36.5 million of construction financing.
Both affiliates of Bayview Asset Management.