George Smith Partners identified a national portfolio capital provider providing floating rate debt from $15,000,000 to $50,000,000 on Class A & B assets in core locations. Non-Recourse pricing starts at 200 basis points over LIBOR, floored at the start rate when funded. Debt coverage must be above 1.0 at close, limited by a 7% debt-yield going-in. Terms range from 2 to 5 years with flexible prepayment structured on a case-by-case basis.