Bayview PACE provided $11.5 MM in C-PACE financing for New Construction Senior Housing project.

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Project Description

Recent Closing Profile – Senior Housing

Total Project Cost: $11.5MM

Bayview PACE provided $11.5MM in C-PACE financing for a New Construction in Southern, CA. Bayview provided an aggressively low, fixed rate loan for a 30 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.