Don't Miss a Fact,
Sign Up for FINfacts!

FINfacts is a weekly newsletter highlighting recent financings and economic insights.

Subscribe Here

Portfolio Lender; Fixed for Seven Years @ 3.25% to $15,000,000

George Smith Partners is placing stabilized assets with a national portfolio lender funding from 200 basis points over the seven-year treasury. Current coupons are priced all-in at 3.27% today to 65% LTV. Non-recourse is available on requests below 55%. Core assets in metropolitan communities are underwritten in Western Coastal States and Colorado. Step-down prepayment options and three, five or ten year terms may also be structured at slightly higher spreads.