- Rate: 5 Year Swap + 225
- Term: Five Years
- Amortization: 30 years
- Non-Recourse
- Prepayment: Swap Breakage Only
George Smith Partners placed the cash-out refinance on a grocery & drug anchored retail center that was recently acquired in an all-cash execution. This non-stabilized California asset closed without the benefit of leverage and our Sponsor sought to recapitalize the majority of their equity investment on a non-recourse basis. Fixed for five years at SWAPs+225, the non-recourse loan was sized to 65% of current appraised value from a California Portfolio capital provider.
- Rate: 5 Year Swap + 225
- Term: Five Years
- Amortization: 30 years
- Non-Recourse
- Prepayment: Swap Breakage Only