George Smith Partners’ national correspondent lender is actively providing non-recourse and limited recourse financing for loans $2,000,000 to $30,000,000 on stabilized multifamily, industrial, office, and retail with low rollover risk. Floating rate loans can be priced starting LIBOR plus 1.95%. Fixed rate loans start at 3.50%. The lender fee is Par to GSP clients. Sized to 70% LTV, these loans do not require reserves other than impounds for taxes and insurance and have flexible prepayment options. Forward commitments are offered up to 12 months at a nominal fee of 3-5 basis points per month after 60 days free rate lock at application.
