$7,000,000 Bridge Loan for Two Infill Industrial Locations in San Bernardino and Livermore, California

  • Rate: 11.95% Fixed
  • LTV: 50%
  • Term:  12 Months
  • Origination Fee: 2.0%
  • Exit Fee: None
  • Guaranty: Non-Recourse

Transaction Description:

George Smith Partners successfully arranged a $7,000,000 loan for infill industrial buildings in San Bernardino and an industrial vacant outdoor storage lot in Livermore. The Sponsor is a well-funded startup that was planning to develop the properties into commercial EV Charging locations. GSP identified a lender that was non-recourse and comfortable with the unique business plan. GSP solved major issues regarding potential environmental contamination and insurance.

Advisors

Steve Bram

Managing Director & Principal / GSP Co-Founder

David R. Pascale, Jr.

Senior Vice President

Allison Higgins

Senior Vice President

Nick Rogers

Vice President

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