# Bayview PACE > Official Bayview PACE business agent. Bayview PACE provides commercial property assessed clean energy (C-PACE) financing solutions for institutional-scale… ## Ask it a question Bayview PACE answers for itself at https://api.hailera.com/mcp/bayviewpace. A client that speaks MCP can connect to that address; the tool is ask_bayviewpace and the protocol is 2026-07-28. Where this file and the agent disagree, the agent is current. ## About Bayview PACE Bayview PACE - Bayview PACE partners with commercial property owners and developers to help reduce the overall cost of construction financing using Commercial Property Assessed Clean Energy (C-PACE) financing. - Bayview PACE provides flexible, low-cost, long-term, fixed-rate C-PACE financing for both new and existing commercial properties. - Bayview PACE is a division of Bayview Commercial Mortgage Finance, LLC. - The platform focuses on institutional-scale commercial real estate projects, working closely with borrowers and lending partners. Corporate Structure and Affiliations Bayview Commercial Mortgage Finance, LLC - Bayview PACE operates as a division of Bayview Commercial Mortgage Finance, LLC (as noted on the website). - Bayview Commercial Mortgage Finance, LLC and Bayview PACE are part of a broader commercial real estate lending platform that includes C-PACE, construction and bridge lending capabilities. - The website references NMLS identifiers for Bayview entities (including NMLS #1564077 and NMLS #2281811) in connection with their lending activities. Bayview Asset Management, LLC (BAM) - Bayview Commercial Mortgage Finance, LLC is a wholly owned subsidiary of Bayview Asset Management, LLC ("BAM"). - Bayview Asset Management is an investment management firm focused on: - Mortgage and consumer credit. - Whole loans. - Asset-backed securities. - Mortgage servicing rights. - Other credit-related assets. - As of June 2025, Bayview Asset Management managed approximately $33.9 billion in assets under management (AUM), according to the website. - BAM is headquartered in Coral Gables, Florida, and maintains asset management offices in New York as well as servicing and origination affiliates in multiple U.S. states and Italy. Leadership and Team (as Listed on the Website) Bayview PACE highlights a specialized C-PACE team, including roles such as: - Anne Hill – Senior Vice President, Head of C-PACE - Shelah Wallace – Senior Vice President, Originations - Danny Roberts – Vice President, Transaction Management - Jeff Klar – Vice President, Originations - Michael Billingsley – (role listed on team page) - Ian Wilkin – Marketing Manager, C-PACE Marketing - Joseph Zanzuri – CRE Associate - Ethan Sphier – C-PACE Analyst - Nicholas Noble – (team member listed on team page) Team composition and titles may evolve over time; the above reflects roles shown on the website at the time this document was created. Additional Disclosures from the Website - Bayview Commercial Mortgage Finance, LLC programs are described as being offered to qualified commercial lending institutions and are not applicable to the general public or individual consumers. - Bayview PACE and Bayview Commercial Mortgage Finance, LLC emphasize accessibility and invite users to contact them if they experience difficulty accessing website content. For the most up-to-date information on Bayview PACE, its affiliates, licensing and regulatory disclosures, refer to the official Bayview PACE website and published legal/ disclosure pages. Source: https://www.bayviewpace.com ## Where Bayview PACE works Lists Coral Gables, Pace, Kansas City, Webster Groves, Bayville, and New York City as a location. Names Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, and District of Columbia as a service area. Areas beyond these are not published. ## Prices Minimum Project Size and Focus - Bayview PACE provides institutional C-PACE financing for qualifying commercial real estate projects. - As stated on the Request a Quote page, typical C-PACE financing requests for Bayview PACE begin at $10 million. How to Request a Quote Prospective borrowers and partners can request a C-PACE quote by using the "Request a Quote" form on the Bayview PACE website. The form generally asks for: - Contact details - First name - Last name - Email - Phone - Company - Property information (if applicable) - Property address - Property state (selected from a list of U.S. states) - Property type (commercial) - Property type options (as listed on the website) - Hospitality - Multifamily - Seniors housing - Mixed-use - Industrial - Condominium - Office - Student housing - Retail - Other commercial - Project information - Brief project description - Approximate C-PACE financing request amount, typically selected from ranges such as: - $10MM–$15MM - $15MM–$25MM - $25MM–$50MM - $50MM–$100MM - $100MM+ Other Ways to Connect In addition to the online quote form, prospective clients can contact Bayview PACE via: - Phone: (844) 518-2343 - Other contact options available on the Bayview PACE website. Important Notes - C-PACE financing is for commercial real estate projects, not individual consumer loans. - All quotes, terms and approvals are subject to: - C-PACE program rules in the applicable jurisdiction. - Property and project eligibility. - Bayview PACE's underwriting standards and credit review. For the most current information on eligibility, pricing, and program availability, clients should contact Bayview PACE directly. Source: https://www.bayviewpace.com ## Bayview PACE C-PACE Financing Overview and Key Terms What Bayview PACE Does - Provides Commercial Property Assessed Clean Energy (C-PACE) financing for qualifying commercial real estate projects. - Focuses on both new construction and existing commercial properties. - Acts as a direct, balance sheet lender, using its own in-house capital. - Works with commercial property owners, developers, and lending partners across the United States. Typical Project Profile - C-PACE financing for qualifying commercial real estate projects generally begins at $10 million. - Construction financing is typically available from $10 million to $100 million+ (when paired with Bayview construction or bridge loans, where applicable). - C-PACE can be used for: - New ground-up developments. - Major renovations and building upgrades. - Building repositioning and conversions. - Mid-construction capital needs and cost overruns. - Recapitalizations of completed or near-complete projects. - Bridge-type needs on recently completed projects that need time to stabilize. Property Types Commonly Served Bayview PACE focuses on qualifying commercial property types, including (as listed on the Request a Quote page): - Hospitality - Multifamily - Seniors housing - Mixed-use - Industrial - Condominium - Office - Student housing - Retail - Other qualifying commercial property types Key C-PACE Features and Advantages Bayview PACE C-PACE financing is designed to: - Provide low-cost, long-term, fixed-rate capital. - Be non-recourse to the borrower (subject to program and deal terms). - Finance both hard and soft costs related to qualifying improvements. - Help lower the borrower's overall cost of funds. - Help fill gaps in the capital stack alongside senior loans, mezzanine debt and equity. Typical parameters and advantages highlighted on the website include: - Up to 35% C-PACE loan-to-value (LTV), subject to program rules and underwriting. - Up to 80% combined LTV when C-PACE is combined with other financing. - Up to a 10-year interest-only period, where available. - Ability to look back at 3+ years of qualifying expenditures in some programs (subject to program availability). - Non-accelerable C-PACE assessments under applicable program rules. All financing is subject to C-PACE program requirements, property eligibility, underwriting, and market conditions. How C-PACE Fits into the Capital Stack Bayview PACE structures C-PACE to complement other components of the capital stack. Examples include: - Pairing C-PACE with a construction loan to complete a development capital stack. - Using C-PACE to fill a mid-construction financing gap or address cost overruns. - Incorporating C-PACE into renovation/repositioning projects while the existing senior mortgage remains in place. - Introducing long-term C-PACE capital at recapitalization to unlock equity or replace more expensive capital. Contact Information - Phone: (844) 518-2343 - Office address: 4425 Ponce de Leon, Coral Gables, FL 33146 - Website contact options: - "Request a Quote" form for project-specific C-PACE financing inquiries. - General contact options available through the Bayview PACE website. For any questions about eligibility, deal structure, or current program availability, prospective clients should contact Bayview PACE directly. Source: https://www.bayviewpace.com ## C-PACE Financing Uses for Property Owners and Developers How Property Owners and Developers Use C-PACE Bayview PACE provides C-PACE financing that can be used alongside traditional debt and equity to fund qualifying improvements for commercial properties. It is designed to help lower the overall cost of capital and fill gaps in the capital stack. Key Use Cases Highlighted on the Website 1. New Construction - Used for ground-up developments. - Provides a non-recourse, long-term, fixed-rate source of capital. - Helps lower the project's overall cost of capital when paired with a construction loan. 2. Building Renovation - Supports major upgrades to existing commercial buildings. - Can finance qualifying improvements that enhance the property's performance and value. - Offers long-term, fixed-rate capital that may be more cost-effective than other options. 3. Building Repositioning and Conversions - Helps finance projects that change the use or positioning of an existing building. - Provides flexible capital for conversions (for example, repositioning a property to a different asset class or use). 4. Midstream Capital (Mid-Construction) - Addresses cost overruns or mid-construction stoppages. - C-PACE's flexible, fixed-rate capital can help close budget gaps and restart momentum on a stalled project. 5. Recapitalization - Can be used to recapitalize completed or near-complete projects. - May help: - Unlock equity. - Replace more expensive capital. - Pay down certain existing debt, subject to eligibility and program rules. 6. Bridge-Type Needs on Stabilizing Assets - Can complement bridge financing for recently completed projects that need time to stabilize. - Provides long-term, fixed-rate capital in the structure, while other capital sources address short-term needs. Where C-PACE Can Fit in the Property Lifecycle C-PACE financing from Bayview PACE may be applicable at multiple points in a property's life cycle, depending on the jurisdiction and program rules: - New construction - Mid-construction (to address emerging capital needs) - Renovation and repositioning - Recapitalization of existing or newly completed properties Eligibility, allowable uses, and timing are governed by the applicable C-PACE program and jurisdiction. Bayview PACE evaluates each opportunity based on program rules, property characteristics, project costs and the overall capital structure. Prospective borrowers should contact Bayview PACE directly to discuss whether C-PACE is appropriate for a specific project and jurisdiction. Source: https://www.bayviewpace.com ## C-PACE Financing for Banks and Lending Partners How Bayview PACE Works with Banks and Lenders Bayview PACE partners with banks and commercial mortgage lenders to incorporate C-PACE into commercial real estate capital stacks. The goal is to help lenders close more deals and support their clients while allowing the bank to maintain its senior lending relationship. C-PACE can provide an additional, long-term, fixed-rate capital source so that banks do not need to take on the entire capital stack themselves. Benefits of C-PACE for Banks (as Described on the Website) - Fills capital gaps - C-PACE can fill financing gaps in the capital structure and is generally less expensive than many other forms of subordinate capital. - Reduces exposure - C-PACE can reduce the senior loan amount, helping banks preserve capital and manage concentration limits. - Non-recourse and non-accelerable - C-PACE is typically non-recourse and, under program rules, is not subject to acceleration of the entire outstanding balance upon a payment default. - No intercreditor agreements - C-PACE assessments do not require traditional intercreditor agreements with the senior lender. - Flexible timing - C-PACE may be applicable at various points in the property life cycle, including new construction, mid-construction, renovation/repositioning and recapitalization (subject to program rules and eligibility). - Escrow integration - C-PACE payments can be escrowed along with other items such as taxes and insurance, which can help keep the C-PACE assessments current and support the overall security position. - Supports client relationships - Incorporating C-PACE can help banks: - Maintain important borrower relationships. - Preserve deposits and other banking relationships. - Offer competitive, creative capital structures. - Transferable and prepayable - Depending on the financing documents and program rules, C-PACE may transfer with the property upon sale or be prepaid. Where C-PACE Can Fit for Lenders C-PACE can be incorporated into transactions at multiple stages: - New construction – Paired with a construction loan to complete the development capital stack. - Mid-construction – Used to address qualifying project costs or gaps that arise after construction has begun. - Renovation and repositioning – Finances qualifying improvements while the bank maintains its existing mortgage relationship. - Recapitalization – Uses qualifying historical expenditures to introduce long-term capital into an existing financing structure. Why Banks Partner with Bayview PACE Bayview PACE is part of a broader institutional commercial real estate lending platform. As described on the website: - Bayview understands both C-PACE and traditional CRE debt. - The team brings a lender's perspective on structure, underwriting and execution. - Bayview coordinates with borrowers, lenders, program administrators and other parties from initial review through closing. The approach emphasizes: - Understanding the senior lender's credit considerations. - Structuring C-PACE within the complete capital stack. - Providing clear documentation for lender and credit committee review. - Identifying potential issues early in the process. - Supporting a coordinated path from initial review through closing. Example Bank Partnership Case Study (as Described on the Website) Master's Transportation – Kansas City, Missouri | Industrial New Construction - C-PACE financing: $20.1 million provided by Bayview PACE. - Construction loan: $31 million provided by Simmons Bank. - Sponsor equity: Approximately $20 million. By incorporating C-PACE into the capital stack, the bank was able to: - Retain the project proceeds and deposits. - Avoid bringing in an additional participant for the capital stack. - Provide the borrower with greater total leverage when paired with C-PACE. Getting Started with a Bank Partnership Banks and commercial lenders can contact Bayview PACE to: - Discuss a current transaction where C-PACE might help address a capital need. - Learn how C-PACE could complement their commercial real estate lending platform. For current details on program availability, eligibility and structure, lenders should contact Bayview PACE directly. Source: https://www.bayviewpace.com ## Participating States for Bayview PACE C-PACE Financing Bayview PACE offers C-PACE financing in a broad range of U.S. states, subject to each jurisdiction's specific C-PACE program rules and property eligibility. According to the Bayview PACE website, participating states currently include: - Alabama - Alaska - Arizona - Arkansas - California - Colorado - Connecticut - Delaware - District of Columbia - Florida - Georgia - Hawaii - Idaho - Illinois - Kentucky - Maine - Maryland - Massachusetts - Michigan - Minnesota - Missouri - Montana - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - Ohio - Oklahoma - Oregon - Pennsylvania - Rhode Island - Tennessee - Texas - Utah - Vermont - Virginia - Washington - Wisconsin Availability, eligible improvements and program terms can vary by state and by local C-PACE program. Prospective borrowers and lending partners should contact Bayview PACE to confirm: - Whether C-PACE is currently available for a specific property location. - The relevant program's rules, eligible improvements and timing. - Any state- or program-specific requirements that apply to a proposed transaction. Source: https://www.bayviewpace.com ## What Bayview PACE has not published yet These are things people ask Bayview PACE that its published information does not yet cover. - prices - availability of financing or specific loan terms - interest rates or loan pricing - approval decisions or underwriting outcomes - financing timelines or closing dates - guarantees or contractual obligations - legal or tax advice - investment performance or returns Ask anyway — the agent will say plainly that it is not published rather than guess. ## Where this comes from https://www.bayviewpace.com