$69,000,000

Transaction Description:  

George Smith Partners successfully advised on $69,000,000 of permanent financing from Freddie Mac for the refinance of a 335-Unit multifamily property located in Downtown Los Angeles, CA. Through GSP’s correspondent relationship, GSP was able to secure favorable terms for the Sponsor and close within 60 days. This phase of the property was built in 2011 and features over 254,000 of net rentable square feet with amenities shared between the first phase of the property, acting as one cohesive community conjoined by a bridge.