80% LTC Senior Construction Loan for a Single Tenant Retail Project in Menifee, California

George Smith Partners successfully structured an 80% of cost construction loan for a 3,650 square foot single tenant restaurant in Menifee, California. Construction will be completed in less than 12 months from initial funding. George Smith Partners identified a capital provider who is knowledgeable about this tertiary location and market, and became comfortable with our investor’s financial strength, expertise, level of repayment guarantee, and business plan. George Smith Partners vetted the risk exposure upfront with the lender and helped structure objective criteria to satisfy the borrower, and new lender, resulting in a highly leveraged and reasonably priced construction loan.