What Bayview PACE does

Bayview PACE is a division of Bayview Commercial Mortgage Finance, LLC, a wholly owned subsidiary of Bayview Asset Management, LLC (BAM), a Coral Gables-based investment management firm with approximately $33.9 billion in AUM as of June 2025. The company provides Commercial Property Assessed Clean Energy (C-PACE) financing to commercial property owners, developers, and senior lenders across 40 U.S. states where C-PACE programs are active. Its core product is long-term, fixed-rate, non-recourse capital (typically 20–30 years) repaid through property tax assessments, with loan sizing up to 35% PACE LTV and 80% combined LTV, up to 10-year interest-only periods, and a 3+ year look-back refinancing window.

The business operates as a balance sheet lender, funding loans from its own in-house capital rather than syndicating to third-party PACE providers. This enables it to structure multi-tranche loans aligned with construction draw schedules, combine C-PACE with construction loans ($10MM–$100MM+) and bridge financing through affiliated entities such as Oceanview Life and Annuity Company (rated A- by AM Best), and execute look-back refinancings of recently completed projects. The technology stack is not software-based; the "platform" is the C-PACE legal/regulatory framework, balance sheet access, and structuring expertise, supported by a small team (1–10 employees) of originators and transaction managers based in Coral Gables, New York, Philadelphia, and Phoenix.

Bayview PACE generates revenue through C-PACE loan origination fees (typically 1–1.5% of loan amount), C-PACE program administrator fees (~$50,000 per transaction), and net interest spread on loans priced at high-300s to low-400s basis points over the 10-year US Treasury (estimated all-in rate in the mid-8% range). Distribution is relationship-driven, combining direct enterprise sales with bank partnership programs (consenting senior lenders), capital markets brokers (including CBRE), and inbound leads via the website's Request a Quote form. The company has closed approximately $500 million in C-PACE loans cumulatively since launch in June 2021, funding roughly $200 million annually, with marquee deals including the $137 million Westin Cocoa Beach (largest Florida C-PACE deal), $180 million Domus Brickell Center, and $200 million Okan Tower.

Name

Bayview PACE

Legal name

Bayview Commercial Mortgage Finance, LLC

Website

https://bayviewpace.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Bayview PACE is a balance sheet C-PACE lender (division of Bayview Commercial Mortgage Finance, LLC) providing long-term, fixed-rate, non-recourse commercial property financing to developers, owners, and senior lenders across 40 U.S. states, combining C-PACE with construction and bridge capital.

Ownership category

akta.pro rank

Headquarters

HQ city

Coral Gables

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. C-PACE Loan Origination: Bayview PACE generates revenue through origination fees (typically 1-1.5% of loan amount) and interest income from C-PACE loans structured at competitive spreads over 10-year US Treasuries (high 300s to low 400s basis points). The company also charges program administrator fees and benefits from the spread between cost of capital and loan yields.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Bayview PACE is a balance sheet lender providing Commercial Property Assessed Clean Energy (C-PACE) financing to commercial property owners and developers. It provides non-recourse, fixed-rate, long-term (up to 30-year) capital repaid through property tax assessments, with loan sizes ranging from $10MM to $200MM+. The company also combines C-PACE with construction loans and bridge financing through affiliated entities to deliver complete capital stack solutions for new development, renovation, repositioning, recapitalization, and bridge financing needs across 40 U.S. states.

Product overview

Bayview PACE is a division of Bayview Commercial Mortgage Finance, LLC that provides creative financing solutions combining C-PACE (Commercial Property Assessed Clean Energy) lending with construction and bridge capital. As a balance sheet lender, Bayview PACE offers the C-PACE Financing product as its core offering, providing low-cost, long-term, fixed-rate, non-recourse capital for commercial property improvements and new construction. This core product is complemented by Construction Financing (ranging from $10MM to $100MM+), Bridge Financing for recently completed projects, and Look-Back Financing for refinancing projects completed within three years. Unlike most PACE-only providers, Bayview PACE delivers a full capital stack solution by partnering with commercial property owners and developers to structure combined financing packages that include C-PACE alongside traditional construction loans.

Differentiator

Problem solved

Functional benefit

Products and services

• C-PACE Financing Commercial Property Assessed Clean Energy (C-PACE) financing providing low-cost, long-term (up to 30 years), fixed-rate, non-recourse capital for commercial property improvements and new construction, repaid through property tax assessments. Used by commercial property owners and developers across hospitality, multifamily, senior housing, industrial, condominiums, retail, office, and mixed-use categories.
• Construction Financing Construction loans ranging from $10MM to $100MM+ offered in combination with C-PACE financing (often through affiliated entity Oceanview Life and Annuity Company) to provide a complete capital stack solution for new commercial development projects across multiple property types.
• Bridge Financing Short to medium-term financing for recently completed projects that need time to stabilize before transitioning to permanent financing, offered alongside C-PACE and construction capital through affiliated entities to deliver a combined capital stack solution.
• Look-Back Financing C-PACE financing option that can refinance eligible costs up to three years (3+ year look-back period) after project completion, allowing sponsors to unlock equity from recently completed projects through retroactive C-PACE financing.

Quantifiable outcome

• Up to 35% PACE LTV and 80% combined LTV available
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• EIC Open C-PACE (Energy Improvement Corporation)coreTechnology or IntegrationNew York State non-profit local development corporation that operates C-PACE programs and administers loans for member municipalities. Bayview worked with EIC to close C-PACE loans in New York, including Yonkers and Hudson projects.
• CBREcoreChannel Partner/ Reseller/ DistributorCapital markets broker that worked with Bayview to structure the Renegade Apartments deal, sourcing and arranging the combined C-PACE and construction loan package.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Nuveen Green Capital: One of the largest dedicated C-PACE lenders in the U.S., financing new construction and retrofit projects for commercial real estate. Direct competitor to Bayview PACE in nearly every state where both operate; both also compete for bank partnership referrals.
• Petros PACE Finance: Leading C-PACE capital provider focused on commercial real estate, serving developers and owners nationwide. Directly comparable to Bayview PACE in product offering, target customer, and C-PACE program participation across multiple states.
• PACE Equity: National C-PACE lender providing long-term, fixed-rate financing for new construction and major renovation of commercial properties. Competes head-to-head with Bayview PACE for the same sponsor and developer relationships.
• Counterpointe Sustainable Real Estate: Specialty finance company focused exclusively on C-PACE lending for commercial real estate efficiency, renewable, and resiliency projects. Closely comparable business model and customer base to Bayview PACE.
• CleanFund: C-PACE financing provider for commercial real estate new construction and retrofits, active in multiple states. Directly comparable origination focus and program administration relationships to Bayview PACE.
• PACE Loan Group: Specialty C-PACE capital provider structuring commercial PACE financings for developers, owners, and lenders nationwide. Similar deal sizes and use cases (new construction, renovation, recapitalization) to Bayview PACE.
• Greenworks Lending: Commercial PACE lender providing long-term, fixed-rate financing for energy efficiency and renewable energy improvements on commercial real estate. Overlapping customer segments and C-PACE program coverage with Bayview PACE.
• Accelerated Capital Group: C-PACE capital provider for commercial real estate developments, including new construction, renovation, and energy efficiency projects. Comparable product offering and target sponsor profile to Bayview PACE.

Broad incumbents

• Walker & Dunlop: Large, publicly traded commercial real estate finance company that has expanded into C-PACE through acquisitions and partnerships. Broader CRE lending platform with C-PACE as one of many product lines, in contrast to Bayview PACE's specialization.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment firm that arranges C-PACE financing through its Green Building and PACE practices. Competes with Bayview PACE on large development financings but offers C-PACE as part of a much wider capital markets platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bayview-pace

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bayview PACE