Business Park – Columbia MD

$2.1MM• Columbia, MD

Transaction Highlights

  • PACE Loan of $2.1MM
  • Total financing of $38.6MM
  • Senior Loan of $36.5MM
  • PACE LTV: 3.9%
  • CLTV of 47.3%
  • Capitalized interest period of 5 months
  • 72 months of interest only
  • 14 year amortization
c-PACE:

$2.1MM

Location:

Columbia, MD

Type:

New Construction

building:

Business Park

Term:

20 Years Fixed

Status:

Closed

Project Description

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.

CLOSED BY:

Bayview PACE
844-518-2343