Transaction Overview
George Smith Partners arranged $14,000,000 in construction financing for a 100% speculative industrial project totaling 110,929 square feet in an attractive industrial submarket. The project proceeded without any preleasing. GSP sourced funding across banks, credit unions, and debt funds. The loan was structured to allow sufficient time for lease-up post-construction. During negotiations, the lender acquired a competitor, creating market uncertainty about deal continuity. GSP conducted market analysis and arranged supplemental calls between lender and borrower, ultimately securing closure on the quoted terms.
