George Smith Partners identified a national commercial real estate originator offering stabilized fixed-rate and reposition floating-rate debt. Their discretionary bridge capital is supported by a $27B balance sheet for core assets and hospitality, self-storage, and student housing products. Transactions range from $5,000,000 to $300,000,000 for the fixed rate program and leverage to 75% of cost. Sub-1.0 cash flow is supported with a lender funded interest reserve, funded to 80% of purchase and 100% of good news dollars for reposition requests. All transactions are non-recourse beyond standard carve-outs.