Transaction Overview
George Smith Partners arranged permanent financing for a 14-unit multifamily rental property in Los Angeles from a California-based credit union. The financing featured a fixed interest rate of 4.93% for a 5-year term, approximately 60+ basis points below market rate. The graduated prepayment schedule (5% Year 1, 4% Year 2, 3% Year 3, open in Year 4) enables refinancing opportunities if interest rates decline. No deposit requirements with the lender.
