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Washington DC & Mid-Atlantic  + Maryland  + Finance  |  June 13, 2023
Emily Fu
By: Emily Fu

Bayview Provides $2M C-PACE for Maryland Biz Park Upgrades 

Bayview PACE, an affiliate of Bayview Asset Management, has announced a $2 million Commercial PACE loan for the renovation of a medical office building in Columbia, MD.  

The loan is being used to fund the replacement and upgrade of HVAC equipment in the 252,000-square-foot, six-building, two-story medical office complex. The mortgage holder for the building, Oceanview Life and Annuity Co., which is also an affiliate of Bayview Asset Management, consented to the use of Commercial PACE for the improvements.  

The Old Dobbin Lane Business Park, where the building is located, is currently 90% leased and has a diverse roster of tenants including Centennial Medical Group, Columbia Medical Practice, and Cadence Design Systems.  

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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