$50,000,000

National

Closed April 2026

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NAV Facility Fund Finance

Transaction Overview

George Smith Partners arranged a $50,000,000 NAV facility on behalf of an alternative credit manager for one of their opportunistic real estate private credit funds. The fund invests primarily in residential land development alongside a mix of distressed debt and lot financing. GSP placed the loan with a specialty credit lender on a delayed draw structure at roughly 26% loan to NAV.