Industrial

Gary E. Mozer, Katie H. Rodd, Michael Anderson and Kyle Howerton successfully placed $4,750,000 in permanent debt on a three-property commercial portfolio located across two states. Each of the three assets are single-tenants, the first occupied by a non-chain, closely-held restaurant; the remaining two are leased to single-tenant flex/R&D users. GSP sourced three non-recourse loans on the portfolio, despite the individual single tenant exposure and non-investment grade profile. These loans are not crossed collateralized/cross defaulted. This refinance enabled the Sponsor to recapitalize his existing debt at a lower cost of capital and lock in a 4.20% coupon for 10 years with 30-year amortization.