Hot Money

George Smith Partners is working with a capital provider offering $10,000,000 – $50,000,000 for both existing cash flowing and ground up construction properties nationwide. Rates are 4% and the lender offers a participation in net cash flow (if any) and profit at exit. Recourse is available through construction burning down to 50% at CofO, and then non-recourse when a 1.0x dscr is hit on an interest-only basis.

George Smith Partners is working with a national balance sheet lender providing fixed-rate, long term permanent financing for Class A stabilized industrial and multifamily properties located in primary and secondary markets (excluding NY and CA). Lender services loans in-house. With loans from $25,000,000 – $50,000,000, pricing is Swaps + 1.40% floor, for 10-year terms. Pricing available for loans that go under application before year end.

George Smith Partners is working with a capital provider funding permanent debt to 75% LTV. With a strong appetite for Multifamily, Office, Industrial, Retail, Self-Storage and Mixed-Use properties the Lender offers fixed rates starting at 3.20% for 5-year loans in 9 Western U.S. states for transactions up to $25,000,000. The Lender has non-recourse and interest-only options available along with aggressive underwriting down to a 1.15x DSCR.

George Smith Partners is working with a capital provider offering up to $30,000,000 for construction and bridge financing on multifamily, industrial, office, and retail properties in the Western US and Texas/Oklahoma. Rates start at 3.25% over SOFR with a 0.25 SOFR floor. With terms up to 5 years IO at 65% LTV or 2 years IO and 70% LTV this lender offers non-recourse for multifamily properties. All other commercial real estate is recourse or partial recourse.

George Smith Partners identified an equity provider seeking to invest in pre-leased, fully entitled retail and industrial construction projects nationwide. With equity contributions up to $5,000,000 and the ability to go up to 100% of cost, this equity provider has a hold period of 12-24 months.

George Smith Partners is working with a national capital provider funding high leverage, non-recourse Build-to-Rent developments, Single Asset/Portfolio construction, Bridge & Term loans and Multifamily Construction loans for merchant home builders on “For Sale” product. Pricing starts at 7% with leverage up to 90%. The maximum loan amount per deal is $40,000,000.

George Smith Partners is working with a non-recourse capital provider funding bridge loans from $10,000,000 to $50,000,000. With a focus in California, the portfolio lender will fund up to 60% of value but will allow a recorded second Deed of Trust behind them up to 85% of value. With terms up to one year, program highlights include no prepayment and interest only. Decision making is flat and seven-business day close is their normal execution.

George Smith Partners is placing high leverage non-recourse bridge debt up to 80% + of cost through a national portfolio lender. Funding value-add transactions from $2,000,000 to $30,000,000 the Capital Provider offers flexible loan structures with terms up to 5 years. Floating rate pricing starts from SOFR + 325 – 425 (SOFR floor of .25%). The Lender has a particularly strong appetite for multifamily (including fractured condos), retail, office, industrial, self-storage, and mobile home parks located in the growth areas in the south, Texas, Florida, Georgia, Ohio, and Kentucky.

George Smith Partners is working with a national lender providing non-recourse bridge financing for multifamily, office, industrial, self-storage, limited-service hotels, retail, office, and student housing projects up to $100,000,000. With the ability to advance 85% of cost, pricing starts at 3% for terms up to three years. The lender can close quickly.

George Smith Partners identified an equity provider offering LP Capital for value add to opportunistic real estate investments throughout the United States. With financing starting at $5,000,000 and going to $15,000,000 this equity provider is open to all property types across the investment life cycle with focus on multifamily, single family, and retail. The hold period is 2-5 years (longer for stable, cash flowing deals).

George Smith Partners is working with a nationwide direct balance sheet lender offering non-recourse, interest only bridge financing that focusses primarily on multifamily, office, industrial, retail, mixed-use, parking, self-storage, manufactured housing, hospitality and SFR portfolios. Rates start at 3% for loans up to $50,000,000. Typical loan structures include two- or three-year initial terms with extensions up to 2 years, 80% LTV for multifamily and industrial and 70% LTV for other product types. Lender will consider requests for acquisition, refinances, equity recapture, renovations and DPO’s for loans up to $40,000,000.

GSP is actively placing permanent debt financing for office, industrial, multifamily, retail, and self-storage. With loan sizes up to $10,000,000, fixed rate pricing starts at 3%. They offer 75% of value subject to actual current debt service requirements and with terms up to 15 years (fixed period reset option 3,5,7-years) amortized over 30 years. There is never any prepayment penalty.