10/05/11
National Non-Recourse Bridge Loan Program to 80% LTV from $10,000,000 George Smith Partners is originating bridge acquisitions and refinances to 80% LTV with a national portfolio lender. This capital provider utilizes a “Life Company” process for their non-recourse transactions. Floating rate loan terms range from 3 to 10 years, offering a roll-over into a 30/360 amortization upon stabilization. Class A & B products financed are office, industrial, retail and housing; including student housing and condo reconversions. Broken condos will also be considered with an accrual debt service structure and 8.5% look-back return to the lender.