FINfacts™ XXIV – No. 339 | October 12, 2022

Prime Rate 6.25%
1 Month LIBOR 3.35%
6 Month LIBOR 4.45%
5 Yr SOFR Swap 3.88%
10 Yr SOFR Swap 3.65%
5 Yr US Treasury 4.13%
10 Yr US Treasury 3.93%
30 Yr US Treasury 3.89%

$11,500,000 Refinance for Spec Single Family Home; Los Angeles, California

Blended Rate: 7.45%, Fixed for 12 months
Term: 12 Months, Interest-Only
LTV: Sub 50%
Prepayment/Minimum Interest Due: None

Transaction Description:

George Smith Partners arranged $11,500,000 in a quick-close refinance for a high-end luxury home in Los Angeles, California. GSP identified a non-bank Lender with a strong history of providing quick close bridge execution. The loan is fixed at 7.45%, interest-only, with no hold-back requirement for interest reserves or capital expenditures. The loan does not carry any prepayment penalties, does not require minimum interest due, nor did it require an appraisal inspection – just a walkthrough of the subject property. The loan retired a higher interest rate and lowered the Sponsor’s monthly payment. The financing closed in 12 days.

Pascale's Portrait
Check out Pascale’s Perspective on LinkedIn

David Pascale LinkedIn

More Perspectives ›

If you have an inquiry regarding George Smith Partners’ commercial real estate financing, please contact your GSP representative or Jessica Mania, at (310) 867-2974 or


Constellation Place
10250 Constellation Blvd., Ste. 2700
Los Angeles, CA 90067
Office 310.557.8336
Fax 310.557.1276
© 1999 - 2024 George Smith Partners, Inc. DRE # 00822654 FINfacts is an ePublication of George Smith Partners, Inc. For Promotional Purposes Only. All Rights Reserved.
Hi, just a reminder that you're receiving this email because you have expressed an interest in George Smith Partners. Don't forget to add to your address book so we'll be sure to land in your inbox!