George Smith Partners identified a mid-western portfolio capital provider funding ground-up construction transactions and five year mini-perm term loans located in 10 mid-western states including Texas. Oil regions are not shied away from. Out of footprint transactions will be funded for mid-western sponsors. Priced from LIBOR plus 250 to 400; non-recourse construction will be considered for transactions to 50% of cost. Loans from $2,000,000 to $15,000,000 are financed to 75% of total cost with a repayment guarantee that burns off at stabilization.
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