$12,625,000 

 Transaction Description:   

George Smith Partners arranged a $12,625,000 loan for the refinance of four micro-housing multifamily assets located in the Capitol Hill neighborhood of Seattle, WA. The Sponsors recently came under contract to sell the properties as part of a larger portfolio of assets. However, the existing Freddie Mac loans had a maturity date of September 1, 2025. GSP secured interim financing with flexible prepay to accommodate the pending sale.  

Flexible prepayment, non-recourse financing, and a fast closing were all of paramount importance to the Sponsor.