Life Insurance Company Lending Construction to Permanent Loans from $25,000,000

Filling the void of construction lenders, George Smith Partners is originating construction to permanent loans for a life insurance company for loans $25,000,000 and up for multifamily, retail, and office properties. Sized to 60% LTC, the loans are non-recourse except for completion guaranty. The permanent loan is sized to 7.5%-8.5% debt yield depending on asset class. The lender will also provide large bridge loans for institutional quality buildings and a defined business plan.