FULL CAPITAL STACK SOLUTION

Creative financing solutions that combine construction, bridge and PACE lending.

Hello Julie,

Bayview Closes on Combined Innovative CPACE and Construction Loan Package for $63 Million Mixed-Use Development in Florida

Bayview closes a first-of-its-kind financing combination of CPACE and traditional construction mortgage, which kick-starts the development of a 153-unit mixed-use/student housing project next to Florida State University in Tallahassee.

Nashville, Tennessee Approves CPACE

In 2021, the Tennessee State legislature passed PACE enabling legislation HB 667, allowing counties or cities to establish PACE programs. Nashville and Davidson County are now eligible for CPACE financing. CPACE funding can be used for new construction, renovations and retrofit projects offered at a fixed rate. CPACE, financing provides a lower cost of capital with significant savings, supports energy efficiency and sustainability through an economically beneficial capital structure.

Why CPACE Is a Relief Valve in Tight Credit Markets

Developers, owners and project sponsors are bracing for an economic downturn, and many of them are already pulling back from new development or stopping projects mid-stream because of rising interest rates or lack of available capital.

Bayview PACE has hired Jeff Klar as VP of Originations. Jeff has spent over twelve years in the commercial lending industry with the last eight of them focused on real estate. He has held various roles in business development, capital markets, underwriting, and asset management.

Bayview promotes Danny Roberts to Assistant Vice President. Danny is a real estate and Commercial PACE professional with over eight years of PACE underwriting and transaction management experience. Bayview would like to congratulate Danny on his new role.

Our SVP, Anne Hill speaks on the recent combined PACE + Construction offering. “We are excited to have closed this major transaction that signals an important solution for the commercial real estate industry."

View the transaction here: Renegade Deal

PROGRAM UPDATES:

Nashville approves CPACE
Texas allows for PACE with HUD in Multifamily Developments
Massachusetts allows for New Construction soon

UPCOMING CONFERENCES:

March

April

Reach out to schedule a meeting at the conferences:

Jason Clouet, VP of Originations - Email

Jeff Klar, VP of Originations - Email

About Us

CPACE

Transactions

4425 Ponce de Leon,

Coral Gables, FL 33146

(844) 518-2343

[email protected]

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Silver Hill Funding, LLC, its successor and/or assigns, pursuant or made under the applicable provisions of contractual agreements, is the proposed lender. Bayview PACE is a division of Silver Hill Funding, LLC. DISCLAIMER: The information provided herein is intended for informational purposes only. Programs may be canceled or modified anytime without prior notice. Programs may not be available in all jurisdictions. These materials are intended to provide general information to the reader and each commercial loan is reviewed and underwritten on an individual basis. Bayview PACE, a division of Silver Hill Funding, LLC NMLS# 1564077. © Copyright 2023