Balance Sheet CMBS Lender?

George Smith Partners identified a balance sheet lender providing a CMBS execution merging the best of higher leveraged conduit with the servicing and certainty of execution of a portfolio lender. All transactions are funded off the fully discretionary balance sheet and held for favorable securitized market conditions, mitigating EU actions and market turmoil. There is no mandate to securitize every 30 or 60 days. B Pieces are held on their balance sheet with Special Servicing rights. Higher mezz-like tranches to 85% of value are sized in a single note – there is no tri-party agreement as there is no subordinate collateral in this one-note execution. Traditional SWAP pricing applies with loan request from $10,000,000 to $100,000,000. Some interest-only term is available at lower loan-to-value offerings, and step-down prepayment after year seven can be priced for an increase in spread.