$47,000,000

Transaction Description: 

George Smith Partners successfully arranged $47,000,000 in non-recourse financing for the acquisition and repositioning of a multi-tenant industrial portfolio totaling approximately 512,000 square feet across Dallas, Garland, and Arlington, Texas. 

The loan proceeds include $39,500,000 in initial funding for acquisition and an additional $7,500,000 future funding facility allocated for capital improvements and lease-up costs. The structure supports a comprehensive business plan including speculative tenant improvements, re-tenanting of 98,400 square feet of vacancy, and mark-to-market rent repositioning over a four-year hold period. 

The structure includes flexible prepayment terms, an interest rate cap requirement, and a favorable initial covenant holiday to support execution of the business plan.