George Smith Partners is working with a national money center construction lender pricing ground-up development from LIBOR+200 for institutional quality assets of $15,000,000 and up to 70% of total capitalization. Non-recourse transactions are considered for 9.5% debt yields. Burn-down or burn-off repayment guarantees at stabilization can also be structured. On-book perm exit opportunities are currently priced up to 30 basis points inside of cmbs executions.
