$168,341,000 Senior Financing and $20,475,000 Supplemental Loan

Transaction Description: 
George Smith Partners successfully advised on the placement of two strategic agency financings, reinforcing our commitment to affordability and efficient capital solutions. 
 
Senior Financing –  The 776-unit townhouse style property provides a vital affordable housing community. Located in Southern California, the property has an outstanding 97% Mission Score. GSP advised on the placement of a $168,341,000 refinance with a 5-year fixed rate, 3 years of interest-only payments, and a 35-year amortization. The financing, executed at a 1.03% spread, included a 2% buydown, delivering 38 bps rate savings to the Sponsor. 

Supplemental Financing  – GSP advised on the placement of a $20,475,000 supplemental loan on a 752-unit, garden style, apartment property located in Southern California. The financing provided the Sponsor with added capital under competitive terms. The loan was structured as full-term interest-only with a 3.29% spread. 

These transactions highlight GSP’s ability to navigate complex capital markets, optimize financing terms, and support long-standing clients in their mission to provide accessible housing.