$12,500,000 Retail Recapitalization

  • 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

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