Transaction Overview
George Smith Partners arranged the refinance of a single tenant commercial building located in Lacey, WA. The project is an 8,560 SF daycare center that is leased to a licensed preschool and day care center providing early childhood education.
This was a non-recourse, fixed-rate loan funded by a life insurance company who charged no origination fee. The loan is fully assumable, has a yield maintenance prepayment penalty, and provided estate planning language at the request of the Sponsor.
