$8,800,000 Non-Recourse Refinance for Baton Rouge Office Buildings

Rate: 5.1% Fixed
Term: 10-year Term
Amortization: 30 years
LTV: 70%
Guarantee: Non-Recourse

George Smith Partners arranged $8,800,000 for the refinance of two multi-tenant office buildings located in Baton Rouge, Louisiana. GSP identified a capital provider that would accommodate the existing credit challenges of the borrower. Initially the financing included a third property that added lease roll mitigation. When the third property was dropped, the loan was extended to a 30-year amortization and a reserve trigger was created to deal with potential roll-over risk from numerous month-to-month leases and leases with termination rights.

Related Financings

  • No related financings.

Don't Miss a Fact,
Sign Up for FINfacts!

FINfacts is a weekly newsletter highlighting recent financings and economic insights.

Subscribe Here