Bayview PACE provided $5MM in C-PACE financing for a Mixed-Use building in Alexandria MN.
Recent Closing Profile – Mixed-Use
Total Project Cost: $5MM
$5,000,000 CPACE Loan for the New Construction of a 72-unit Mixed-Use development
Pace In Action
Bayview PACE structured a unique disbursement and release mechanism with the senior lender and the PACE program administrator that enabled C-PACE to be used for new construction financing. Additionally, Bayview was able to maximize PACE proceeds to provide the owner with a higher LTC and bring down their total cost of capital.