Shoma Group Obtains $172.5M C-PACE Loan for North Bay Village Development
Newmark has arranged $172.5 million in C-PACE construction financing on behalf of Shoma Group for Shoma Bay, a landmark mixed-use waterfront development in North Bay Village, Florida. Located at 1850 John F. Kennedy Causeway, the 24-story development will comprise 333 luxury…
Newmark has arranged $172.5 million in C-PACE construction financing on behalf of Shoma Group for Shoma Bay, a landmark mixed-use waterfront development in North Bay Village, Florida. Located at 1850 John F. Kennedy Causeway, the 24-story development will comprise 333 luxury…
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Why it matters
This $172.5M C-PACE loan for a mixed-use development is a routine commercial real estate financing transaction with limited broader market impact or novelty.
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Shoma Group Obtains $172.5M C-PACE Loan for North Bay Village Development
Newmark has arranged $172.5 million in C-PACE construction financing on behalf of Shoma Group for Shoma Bay, a landmark mixed-use waterfront development in North Bay Village, Florida. Located at 1850 John F. Kennedy Causeway, the 24-story development will comprise 333 luxury…