A George Smith Partners capital provider has reached out to us with an allocation of funds they are looking to place prior to year-end. This national lender has a unique niche for at-grade parking lots and parking structures with a preference for CBD and airport locations. Loan sizes range from $4,000,000 to $65,000,000, sized to 75% of value. Non-recourse pricing for 5 year fixed terms start at 4.0% and 4.5% for 10 year fixed-terms. Interest Only is obtainable on loans leveraged up to 60% LTV.
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