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Fixed-Rate Portfolio Lender for California Transactions – Zero Prepayment Penalty

George Smith Partners is placing low fixed-rate financing for stabilized multi-family, office, industrial and retail assets in California. Loan requests range from $1,000,000 to $10,000,000; sized to 75% of value, with three, five and seven year fixed-term options. Current pricing reflects a recent drop in index rates, and quality multifamily properties are being quoted as low as 1.85% over the 10-Year Treasury, currently 3.60% all-in fixed for 10 years. There is never any prepayment penalty or exit fee. Stabilized collateral must cash flow to support a 1.15x DSCR for residential, and 1.25x DSCR for commercial properties on a 30 year amortization schedule. Lender requirements include full-recourse to a minimum of 51% of the ownership and control of the borrowing entity.