Bayview PACE provided $3.3MM in C-PACE financing for a Mixed-Use building in Baltimore, MD.

Project Description

Recent Closing Profile – Mixed-Use

Total Project Cost: $3.3MM

Bayview PACE provided $3.3MM in C-PACE financing for a mixed-use building in Baltimore, MD. Bayview provided an aggressively low, fixed rate loan for a 25 year term with a long interest only period.

Pace In Action

PACE Project

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.