Multifamily Permanent Financing 3.90% Fixed for Five Years

George Smith Partners is working with a capital provider funding non-recourse permanent debt to 75% of value on stabilized assets. With a strong appetite for Multifamily, Industrial, Self-Storage and Mixed-Use properties the Lender offers fixed rates starting at 3.90% for 5 and 7-year loans in ten states including California, Arizona, Colorado, Idaho for loans to $25,000,000. Ten-year fixed rate funds are available at a slightly higher coupon. Interest-only options are available along with aggressive underwriting down to a 1.15x DSCR on actual mortgage constants.