Transaction Overview
George Smith Partners arranged $34,000,000 in bridge financing for a newly constructed, Class A multi-tenant industrial complex totaling 173,000 square feet in Mesa, Arizona. The property was 66% leased at closing. The financing replaced a maturing construction loan with lower cost bridge financing and extended the sponsors' timeline by approximately eighteen months to complete their business plan. The structure provides flexibility for different exit scenarios depending on leasing velocity during the holding period.
