Bayview Closes $11.5M C-PACE Financing for New Project in Southern California

by Jeff Shaw

SOUTHERN CALIFORNIA — Bayview PACE, a division of Silver Hill Funding, has arranged $11.5 million in C-PACE financing for the construction of a senior living community in Southern California.

The development is 77,200 square feet and consists of 107 units of assisted living and memory care. The financing will support energy-efficient improvements including HVAC, lighting and windows, as well as seismic strengthening projects.

MD Energy served as the PACE developer for the project.

The borrower is a privately owned real estate development firm. Further details on the property were not disclosed.

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