| Transaction Description: |
| $54,375,000 Refinance of Multi-Family Apartment Complex in Los Angeles GSP arranged the financing for a 465 unit apartment complex and coordinated with a consultant for the defeasance of the outstanding loan. GSP worked extensively with the Lender, Defeasance Consultant, and Counsel to coordinate the funding of the loan and defeasance in the required timeframe. Due to the successful communication and execution, the borrower obtained a very low rate for a long-term fixed rate transaction in today’s market. |
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