Non-Recourse Portfolio Permanent Loan Program

George Smith Partners is currently placing non-recourse permanent financing from $1,000,000 to $15,000,000 for stabilized properties located in California, Washington, and Oregon with a West Coast portfolio lender This unique program offers a 5+5 option for commercial and multifamily asset classes priced at 4.5% to 4.75% fixed for 5 years on the ten-year term. Not found anywhere else in the capital markets is their ability to place a 50 basis point rate cap on the Year 6 adjustment. The amortization clock is also wound back to 30 years, reducing the mortgage constant on the remaining loan balance, increasing net cash flow after debt service after the fifth year. Prepayment steps down from 3% and is open the last 12 months of each of the five year segments.

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