Transaction Overview
George Smith Partners successfully arranged acquisition financing for a 50% leased shopping center in a 95% occupied retail market in Vista, California. The secondary market location was mitigated with our Sponsor’s resume and turn-around experience. His personal repayment guarantee allowed for aggressive pricing in the low 3% range. Sized to 63% of purchase and priced at LIBOR plus 275, the one-year term may roll into a 5, 7 or 10 year fixed-rate loan with an earn-out once stabilized.
