GSP in CPN - FINfacts | George Smith Partners

KEY RATE INDICES

FANNIE MAE RATES *

Prime Rate	7.75%
3 Mo. T’s (YTM)	4.63%
6 Mo. T’s (YTM)	4.82%

5 Yr. U.S. T’s	4.83%
10 Yr. US T’s	4.86%
30 Yr. US T’s	4.90%
12-MAT	3.88%

LIBOR - 1 mo.	4.83%
LIBOR - 3 mo.	5.00%
LIBOR - 6 mo.	5.14%
LIBOR - 1 yr.	5.29%

Tier 2++ (80% LTV)	6.11%
Tier 3++ (65% LTV)	5.97%
Tier 4++ (55% LTV)	5.83%
10 yr. term/30 yr. amort.

GSP in CPN

George Smith Partners was recently featured in a Commercial Property News cover story titled “Act Two: George Smith’s Proteges Carry On.” The three-page article focuses on the future of GSP in light of our founder’s passing last year. Click here to read the article.

TRANSACTION OF THE WEEK!

$14,300,000 Non-Recourse Bridge Loan (80% LTC) at LIBOR 2.50% and $3,483,000 of JV Equity (terms confidential) on an 80-Unit Apartment Building in Los Angeles, CA. GSP arranged non-recourse bridge financing and joint venture equity to facilitate the acquisition & reposition of an 80-unit apartment building in Los Angeles, CA. Terms: (1) Rate: 30 Day LIBOR + 2.50%; (2) Loan Term: 36 months + two 12 month extensions; (3) LTC: 80%; (4) Fees: 1% Lender Origination Fee and .5% Lender Exit Fee; (5) Prepayment: Lock-out for first 12 months, then open. (Gary E. Mozer, Lee T. Norman, Mike Sullivan)

SPEAKERS CORNER

The following GSP staff members have been interviewed recently for articles in real estate magazines:

Gary M. Tenzer, GSP Executive Vice President and Partner
Commercial Property News
Regarding - an overview of the So California real estate market. He discussed the four main sectors and focused on condo/housing/apartment supply and demand issues.

David Rifkind, GSP Partner and Director of GSP/Rifkind Capital Advisors
Commercial Property News
Regarding - California Focus, San Diego.

Steve Bram, GSP President and Partner, and David Rifkind, GSP Partner and Director of GSP/Rifkind Capital Advisors
Multi-Housing News
Regarding – a condo conversion deal they closed at over 100% LTV

Michael Gottlieb, GSP Partner and Senior Vice President
Real Estate Business Online
Regarding – $21,000,000 bridge financing he arranged for a new class A office