National Non-Recourse Lender Originating Streamlined Loans: $1,000,000 to $15,000,000

George Smith Partners is originating loans with a national lender specializing in small balance non-recourse loans from $1,000,000 to $15,000,000. The lender can provider short term floating rate loans at 2.25%-2.50% over LIBOR to 60% LTV for loans $5,000,000 and above. Bridge loans for cash flowing assets are being priced at 3.00%-3.75% over LIBOR for loans $10,000,000 and above. Fixed rate loans up to 10 years are sized to 65% LTV and streamlined to close quickly and economically. All lender closing costs including third party reports and legal are capped at $20,000 for loans up to $10,000,000 and $25,000 for loans up to $15,000,000. For a small premium in spread, the lender can lock the spread for up to 60 days. Clients seeking certainty of execution for acquisition of stabilized multifamily, industrial, office, and retail should contact us to take advantage of this product.