Mezzanine Financing up to 90% of Purchase Price

George Smith Partners is working with a capital provider offering mezzanine financing for experienced affordable multifamily housing borrowers who are committed to preserving affordable housing. The mezzanine loan will allow borrowers to increase their leverage up to 90% loan to purchase price (plus an additional 2.5% for costs, if supported) with a minimum term of 10 years from the date of funding an acquisition or refinancing loan. Rates range from 7.15% to 7.85%.