FINfacts™ XXIV – No. 351 | January 11, 2023

Prime Rate 7.50%
1 Month LIBOR 4.43%
6 Month LIBOR 5.14%
5 Yr SOFR Swap 3.42%
10 Yr SOFR Swap 3.24%
5 Yr US Treasury 3.65%
10 Yr US Treasury 3.53%
30 Yr US Treasury 3.68%

Permanent Multifamily Financing; Los Angeles, CA

Rate: 4.25%
Term: 5 Years Fixed
Amortization: 30 Years
Prepayment Penalty: 3/2/1, Then Open
Deposits Required: None
Guaranty: Non-Recourse

Transaction Description:

George Smith Partners arranged $3,800,000 in permanent financing for the refinance of a stabilized 39-unit multifamily property in Los Angeles, California. The Sponsor locked rate in early summer of 2022 during a time of rapidly increasing interest rates. Due to some unforeseen events, the transaction got delayed multiple times. GSP was able to get the rate lock extended multiple times due to our relationship with the Capital Provider. The rate lock was extended without a single increase to the rate or any additional fees. The loan includes a flexible prepayment penalty structure that allows the Sponsor plenty of options during the next 5 years as well as over $1,500,000 in cash-out proceeds.

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
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