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Fixed Rate Bridge Financing

George Smith Partners is working with a capital provider funding brand new built apartments for Sponsors who are either buying at Certificate of Occupancy with some pre-leasing or taking out construction loans up to $25,000,000. With terms two years or less, this lender can offer fixed rate pricing at 5.25% for year one and 5.50% for year two and up to 75% LTC. A SOFR Cap is not needed.