$19,100,000

George Smith Partners successfully closed $19,100,000 in acquisition financing for a grocery-anchored shopping center in Stockton, CA. The transaction involved a fully occupied neighborhood retail center with strong anchor tenancy. The deal required a short closing timeline to finalize a 1031 exchange and included multiple TIC entities exchanging into the acquisition. GSP identified a lender that has full control of a securitization process and understood retail underwriting, focusing on the property’s 100% occupancy, strong grocery anchor, and location fundamentals. The financing provided the client with attractive leverage for the acquisition and included full-term interest-only to maximize cash flow during the initial hold period.