Transaction Overview
George Smith Partners arranged $22,000,000 in bridge financing for 92 acres of entitled land slated for industrial development of over 1 million square feet. The borrower was actively soliciting equity partners. A national mortgage brokerage initially failed to secure financing, prompting the sponsor to contact GSP eight weeks before maturity. GSP completed full market outreach and identified two competitive lenders. The selected lender offered greater local market familiarity, providing enhanced certainty of deal completion. Adjacent land had recently transitioned and utilities and roads were under active construction.
