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Hot Money

  • Synthetic Ground Leases

    Hot Money

    November 10, 2023

    It is tricky for sponsors and developers to find financing in today’s challenging capital market. We are focused on creative capital stacks to help our clients execute in uncertain markets.

    Lately, we have been working with several clients on synthetic ground leases. These can offer a very low relative cost of capital and can, in essence, replace much costlier capital. We’ve seen GL’s work on deals ranging from construction, to bridge to permanent and in deals from $30,000,000 – $300,000,000.

  • Bridge Financing Up to 90% of Cost

    Hot Money

    August 30, 2023

    George Smith Partners has identified a capital provider financing multifamily properties up to 90% LTC. For loan sizes $2,000,000-$20,000,000, fixed rate pricing starts at 9.25%. Terms are interest only for 2 years plus extensions. This lender offers non-recourse financing, lends nationwide and can close quickly.

     

    This capital provider also offers ground up and horizontal construction financing for multifamily products. Pricing starts at SOFR+650.

  • Mezzanine & Pref Equity Starting at SOFR+400

    Hot Money

    August 23, 2023

    George Smith Partners has identified a capital provider financing mezzanine loans and preferred equity starting at SOFR+400. Terms are from 2-5 years plus extensions for loan sizes from $25,000,000-$125,000,000. Financing up to 80% of value, this capital provider will lend in primary and secondary markets nationwide. Asset types include multifamily, industrial, office, self-storage, hotel, retail and, data centers. This capital provider also provides senior financing with pricing starting at SOFR+300, up to $150,000,000.

  • Bridge Financing up to 85% LTC

    Hot Money

    August 16, 2023

    George Smith Partners has identified a capital provider financing senior bridge loans up to 85% of cost. For loan amounts from $10,000,000 to $150,000,000, pricing starts at SOFR+350. With the ability to close in 5 business days, this lender will finance nationwide. Terms are non-recourse and up to 3 years plus extensions with flexible prepayment options. This capital provider also provides mezzanine financing and preferred equity with pricing starting at SOFR+850.

  • Construction & Bridge Financing Starting at SOFR+250

    Hot Money

    July 26, 2023

    George Smith Partners has identified a capital provider financing bridge and construction loans floating at term SOFR+250-400. Terms range from 2-3 years and are interest-only with the ability to convert to a mini-perm with P&I payments. With leverage up to 65% of cost, multifamily, industrial, retail, office, multi-family, self-storage, hospitality, and entitled land will be considered. This capital provider will lend nationwide with a focus on southern California and Nashville, TN.

  • Bridge Financing starting at SOFR+400

    Hot Money

    June 14, 2023

    George Smith Partners has identified a capital provider eagerly deploying capital for bridge loans from $15,000,000 to $60,000,000. For all major asset types, pricing starts at SOFR+400 and are non-recourse. This Lender will finance nationwide, up to 70% LTV for terms up to 36 months with extension options. Rate caps are not required and the loans are full term interest only.

  • Non-Recourse Bridge & Construction Financing starting at SOFR+600

    Hot Money

    June 7, 2023

    George Smith Partners has identified a capital provider financing bridge and ground-up construction for loans from $10,000,000 to $50,000,000. For all asset types besides hospitality and senior living, fixed and floating rate pricing starts at SOFR+600. This lender will finance nationwide up to 75% of value. Terms range from 1-3 years and are non-recourse.

  • 90% LTC Financing for Home Builders

    Hot Money

    May 24, 2023

    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.

  • Quick Close Bridge Financing

    Hot Money

    May 16, 2023

    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.

  • Fixed Rate Construction Financing starting at 9%

    Hot Money

    April 26, 2023

    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.   

  • Value-Add Bridge Financing starting at SOFR + 2.75%

    Hot Money

    April 19, 2023

    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.

  • Participating Construction Financing up to 75% of Cost

    Hot Money

    April 11, 2023

    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.