Bayview PACE provided $200 million in C-PACE financing for Okan Tower, a 72-story condominium project in downtown Miami set to become the second-tallest building in Florida.

Coral Gables-based Bayview also recently provided funds for Domus Brickell Center and the Westin Cocoa Beach Resort & Spa.

With Okan Tower’s 40th floor completed, construction on the project is over halfway complete. The project’s finalization has been pushed to 2028.

“The closing of Okan Tower’s $200 million C-PACE financing is a defining milestone that validates both the project and the strength of the Miami market,” said Michael Sadov, sales director at Okan Tower. “This level of lender commitment — particularly in today’s disciplined capital environment — confirms confidence in the capital stack, the long-term fundamentals and the vision behind what will be one of downtown Miami’s most spectacular and architecturally significant luxury towers.”