George Smith Partners has identified a CMBS lender sourcing loans for an $800M pool made up of only 5-year term loans. Pricing for the 5 Year financing begins at Swap +275 for 50-60% LTV. This is 50 – 75 basis points lower than typical 5-year pricing. This capital provider can also structure the 5th year to be open to prepay for a low spread premium. This program is ideal for borrowers looking for a non-recourse fixed rate option with the ability to refinance or sell in 4-5 years with no prepayment penalty.
Don't Miss a Fact,
Sign Up for FINfacts!
FINfacts is a weekly newsletter highlighting recent financings and economic insights.
Subscribe Here
