October 8, 2025
Affordable Housing

$4,400,000

Transaction Description:

George Smith Partners successfully arranged $4,400,000 in construction takeout financing for a newly completed 23-unit affordable housing community located in South Los Angeles. The financing supports the refinancing of existing construction debt and provides additional capital for property stabilization. The loan features a structured funding approach with the possibility of an earn-out upon achievement of operational milestones. 

Rate: 6.45% Fixed

Leverage: 65.0% loan-to-value

Term: 3-year term

Amortization: 30-year amortization schedule

Financing Team

Rachael Sery

Managing Director

Martha Martinez

Assistant Vice President – Capital Markets & Loan Servicing

Adrian Diaz-Infante

Analyst I