Today’s question comes from Carlos in Los Angeles
We are planning a 57-unit development student housing project at USC. We are now considering a relatively new product called C-PACE financing. The C-PACE financing + senior construction financing would achieve 85% Loan To Cost ratio at a blended rate somewhere in the 6% range.
Are you familiar with the C-PACE product and in your opinion what are the pros and cons of using it?
Host: Victor Menasce