California Regional Bank Funding sub-1.0 DCR

George Smith Partners is originating construction and reposition debt with a Regional Bank funding in California, Washington and selective cities in other Western States. Some level of recourse will be required with burn-off at stabilization. All core assets and assisted living from $5,000,0000 to $25,000,000 is underwritten for experienced developers. Pricing @ L+300 is designed to allow for additional credit risk. Loan-to-cost will top out at 70%.