George Smith Partners arranged bridge financing for acquisition of a 111-unit Class-A multifamily property in a prime urban infill Midwest market. The structure supported recapitalization alongside an adjacent existing asset, enabling operation as unified community.
Key Features
Dual-asset structure
Mini-perm option at 7-Year Treasury plus 2.50%
Property Details
Units
111
Property Class
Class A
Loan Terms
Rate
6.75% all-in (PRIME minus 0.75%) for 24 months
Term
108 months total (24-month bridge + 84-month mini-perm)
Loan-to-Value
75%
Amortization
24-month interest-only followed by 25-year amortization
