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$11,258,000 Cash-Out Refinance of a Seven-Property Multifamily Portfolio; Los Angeles, CA

Rate: 3.00% Fixed
Term: 5 Years
Amortization: 3 Years Interest-Only
LTV: 55%
Prepayment: 3, 2, 1%
Fee: 0.25%
Guaranty: Non-Recourse

Transaction Description:

George Smith Partners secured $11,258,000 for the refinance of a seven-property multifamily portfolio in Los Angeles, CA. The loans are non-recourse and fixed at 3.00% for 5 years with 3 years of interest-only payments. The Sponsor received a significant return of equity. The loans went into app about 5 months ago, prior to the recent increase in interest rates. Because of GSP’s strong relationship with the Lender, the Lender held the original 3.00% fixed rate.


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  • $14,370,000 Non-Recourse Bridge Financing for a Multifamily Asset; Los Angeles, CA

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  • $37,500,000 Non-Recourse, Stretch Senior Construction Loan for a Mixed-Use OpZone Development; Western States

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    George Smith Partners placed a $37,500,000 non-recourse, stretch senior construction loan for a 7-story ground-up development of a mixed-use OpZone Project. When complete, the Project will consist of 151 apartment units (including 14 Live/Work Lofts), approximately 15,000 sf of restaurant space, 10,000 sf of retail, and 12,000 sf of office space. The average apartment size is 730 sf, and most units will have private balconies with unobstructed views of the desert and city.

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    All Terms Confidential

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