Mezzanine/Preferred Equity behind existing CMBS/Bank Debt

George Smith Partners identified an institutional capital provider funding subordinate debt behind existing CMBS debt for all property types nationwide. The sub-debt lender will fund fully stabilized assets up to 85% of cost/value with various pay structures. Terms are up to ten years and pricing starts at 8% for a current pay and requires accrual or equity participation. All structures are within full compliance of the existing senior debt.