Hot Money

5 – 9 – 12 A California based bank is aggressively seeking assets slated for reposition to fulfill their bridge loan allocation. The floating rate program offers up to 70% LTV with no prepayment penalty and a mini-perm option upon … Continue reading →

5 – 2 – 12 George Smith Partners is working with a new commercial lender consisting of a four-bank roll-up. With a clean balance sheet and no legacy issues, this regional lender will fund cash flowing or less-than cash flowing … Continue reading →

4 – 25 – 12 George Smith Partners has identified a capital provider funding reposition transactions nationwide. The portfolio lender, a mid-states regional bank, will lend on the four primary product types, plus condo inventory backed transactions. The bank will … Continue reading →

4 – 12 – 2012 Smaller local and regional banks are looking to diversify portfolios as stabilized multifamily market competition continues. Small banks are competing with Fannie, Freddie, regional, and national banks for stabilized multifamily product. As a result, yields … Continue reading →

4 – 4 – 12 Today’s capital markets are providing ample funds for larger transitional assets. George Smith Partners has identified a national bridge debt provider who will fund down to $5,000,000 of capitalization and to 80% of cost on a … Continue reading →

3 – 28 – 12 George Smith Partners identified a 113 year-old financial institution lending to non-profit Home Owners Associations (HOAs) with a 100 door minimum. Their collateral is similar to a UCC filing and is not a Deed of … Continue reading →

3 – 21 – 12 George Smith Partners is working with a National Bank currently funding construction, bridge/reposition and permanent loans to non-profit faith based organizations on a non-recourse basis. All faiths will be considered for ground-up, reposition or permanent … Continue reading →

3 – 14 – 12 George Smith Partners identified a fund currently advancing up to 100% of the re-stated value in a discounted pay-off (DPO) scenario for the existing borrower. Note acquisitions will require new cash equity to close. This … Continue reading →

3-7-12 When is tiny huge? When $250,000 of mezzanine debt is funded behind a $23,000,000 senior note. George Smith Partners is originating stabilized fixed-rate CMBS financing with a Wall Street conduit who is placing their own internal mezz-debt behind their … Continue reading →

2-29-12 George Smith Partners has closed loans with a privately held corporation that funds fixed-rate and floating-rate commercial loans poised for CMBS execution. These transactions are held on the corporation’s balance sheet. Loans may be pooled for securitization or held … Continue reading →