11 States Across the U.S.

George Smith Partners arranged $62,000,000 in non-recourse financing for the refinance of a 23-property, 547,331 square foot Walmart shadow-anchored retail portfolio spanning 11 states. The business plan centers on selective re-leasing and rent growth, leveraging the anchor Walmart locations. Loan terms include full-term interest-only payments, non-recourse structure, select release provisions, future capital improvement funding, and undrawn interest-free funds. The financing provided a cash-out component to the sponsor while securing favorable long-term terms for the portfolio.