Hot Money

George Smith Partners has identified a capital provider financing up to 90% of cost for home builders who are switching strategies from ‘for-sale’ to rental. Pricing starts at SOFR+400 and is non-recourse for properties nationwide. This program allows home builders to continue financing construction on their bank revolvers while aggregating rental units using the capital provider’s credit facility. 30 month initial term with extension options, this lender can finance up to $50,000,000.

George Smith Partners has identified a capital provider that specializes in quick close bridge financing. With the ability to close in under 5 business days, this lender provides financing up to $45,000,000. Typical terms are one year with extension options up to 70% leverage. This program encompasses all asset types, nationwide.

George Smith Partners is working with a capital provider financing construction loans up to 70% of cost. Lending on all asset types with a focus on multifamily, mixed-use, industrial, warehouse, and storage, fixed rate pricing starts at 9%. For transactions from $10,000,000 – $75,000,000, terms are up to 36 months with extension options. This capital provider lends in primary and secondary markets nationwide and also provides bridge and mezzanine financing.   

George Smith Partners has identified a capital provider financing value-add bridge loans up to 80% of cost. For multifamily, industrial, and hospitality assets, loan amounts range from $5,000,000 – $65,000,000. With pricing starting at SOFR + 2.75%, terms are interest only and non-recourse. This capital provider lends nationwide and offers terms up to 60 months with open prepayment.

George Smith Partners has identified a capital provider with a non-recourse participating construction program funding up to 75% of cost for multifamily & industrial projects in major MSAs only.

 

George Smith Partners is working with a capital provider financing build-to-rent projects up to 80% of cost and 75% of value. Loan sizes range from $3,000,000-$50,000,000, non-recourse with carve outs and up to 36 months of term in select markets.  Please reach out to inquire about this capital provider. 

George Smith Partners has identified a capital provider financing bridge loans starting at SOFR + 3.25%. With a minimum loan amount of $30,000,000, terms are up to 7 years, interest-only, and non-recourse. With a focus on the top 20 MSAs, asset types include multifamily, industrial, select service hospitality, SFR, manufactured housing, and self-storage. This lender also offers mezzanine and preferred equity financing up to 85% of value with pricing starting at SOFR + 3.75%.

George Smith Partners has identified a capital provider financing bridge loans up to 80% of cost from $2,000,000-$100,000,000. Terms are interest only, range from 1-5 years, and are non-recourse. Floating rate pricing starts at SOFR + 400 with no interest rate cap required. Fixed-rate pricing starts at 6.50% with a 12-month yield maintenance. Lending to primary and secondary markets nationwide, this lender can close in as little as 1 week for all asset types.

George Smith Partners has identified a capital provider financing construction projects up to 90% of cost. Loans range from $25,000,000- $150,000,000 and are non-recourse for up to a 36-month term. Lending nationwide, pricing starts at SOFR+600 and can close in under 60. Fixed pricing is also available with interest only during the initial term. This lender also provides bridge financing for most asset classes including self-storage, condos, hotels, and SFR.

George Smith Partners has identified a capital provider financing bridge loans starting at SOFR + 350 for loan amounts $20,000,000 and up. With leverage up to 65%, this lender does not require interest rate caps. While this capital provider does not finance ground up construction or land, they will provide financing for properties pre-TCO. This program is suited for properties that are within the 4 major property types and located anywhere in the US west of Colorado. 

George Smith Partners has identified a capital provider financing fixed rate bridge loans for value-add multifamily acquisitions with proceeds up to 80% of purchase price and 100% of renovation costs and/or tenant improvements. Loan amounts range from $2,000,000 – $25,000,000 for a term of 3 years plus extensions. This lender provides non-recourse financing and stepdown prepayment options. Floating rate pricing is also available up to $60,000,000.

George Smith Partners has identified a capital provider financing multifamily properties with mezzanine debt and preferred equity up to 88% LTV. Loan sizes range from $5,000,000-$55,000,000 and can be structured behind senior lenders, agency, LifeCos, and bridge loans. With terms from 1-10 years, this lender will allow open prepayment without penalty. Lending nationally, loans are non-recourse and do not have a minimum debt service coverage.