National Portfolio Funding with Step Down Prepayment Penalties

George Smith Partners identified a national portfolio lender offering a permanent fixed rate structure with step down prepayment penalties. This capital provider offers 5, 7 and 10 (5+5 and 7+3 options) year fixed rate terms for multifamily, manufactured housing, office, industrial, retail, hospitality, and self-storage, up to 80% of cost/value for Multifamily and MHC and 75% of cost/value for the other property types with flexible levels of recourse depending on LTV and DSCR. Transactions range from $5,000,000 to $25,000,000+ for the program. Funding is underwritten using in place cash flow to a 1.25x DSCR.