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National Life Insurance w/L+225 Floaters for Core Product

George Smith Partners is sourcing loan applications from a national insurance provider for cash flowing assets from a 9% debt yield at sub-3% rates. Non-recourse debt is priced from LIBOR + 225 (all-in coupon currently 2.54%) for core assets in major metropolitan areas nationwide. Only immediate fundings are considered with closing to occur Q1 2016.