$2,600,000

Transaction Description:   

George Smith Partners arranged the refinance of a flex industrial property located in Rio Rancho, NM. The project consists of two flex-industrial buildings totaling approximately 36,000 square feet. The tenant mix includes local businesses as well as national tenants with suites ranging from 1, 200 SF to 4,800 SF. 

This was a non-recourse, fixed-rate loan funded by a life insurance company with no origination fee and a yield maintenance prepayment penalty.