National Small Balance Financing Starting at 4.79% w/Step-Down Prepay

George Smith Partners is working with a national capital provider providing agency and non-agency small balance loans on multifamily assets from $1,000,000 to $7,500,000 on a non-recourse basis. Rates start at 4.79% for terms from 5 years to 20 years. Loans are structured case-by-case for stabilized assets allowing for longer Interest Only terms and/or step-down prepayment. A recently executed application included two-years IO and a 5,5,4,4,3,2,1 prepayment schedule priced at 4.79% fixed for seven years. Leverage for multifamily is 80% of total value.

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