George Smith Partners identified a capital provider funding mini-perm and long-term fixed rate debt from $3,000,000 to $10,000,000 in all fifty states with step-down prepayment schedules. Maximum leverage is to 75% loan-to-value on stabilized multi-family and 70% on other core CRE asset types including self-storage. Recourse may be required over 65% loan-to-value. This capital source actively underwrites tertiary markets. Interest rates are quoted 220 to 250 basis points over their corresponding swap index, with amortization up to 30 years.
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