Joint Venture Equity Partnership & Senior Debt Financing 

Transaction Description:  

George Smith Partners successfully arranged $17,625,000 in non-recourse financing, as well as the new joint venture equity partnership for the acquisition and stabilization of a newly constructed 71-unit townhome community located in Southwestern United States Submarket. The financing supports a business plan focused on operational optimization and mark-to-market rent growth, capitalizing on the property’s underperformance due to ineffective lease-up management. The loan is structured with a 36-month initial term and two 12-month extension options. It is full-term interest-only and priced at a floating rate of one-month Term SOFR plus a 2.60% spread, with a SOFR floor of 3.00%.