Hot Money

  • High Leverage Non-Recourse Bridge Financing

    Hot Money

    December 4, 2019

    George Smith Partners is placing high leverage non-recourse bridge debt up to 80% + of cost through a national portfolio lender. Funding value add transactions from $4,000,000 to $50,000,000 the Capital Provider offers flexible loan structures with terms up to 5 years. Floating rate pricing starts from LIBOR + 290. Lender has a particularly strong appetite for Multifamily product in secondary markets nationwide. Other property types they will finance are: Office, Retail, Industrial and Hospitality.

  • Seven-Year Fixed Rate Construction Financing w/Mini-Perm

    Hot Money

    November 27, 2019

    George Smith Partners is working with a regional portfolio lender providing construction financing with a mini-perm for all product types ranging up to $55,000,000. With the ability to advance 65% of development cost, pricing starts at 3.0% for three, five-or seven-year terms with a step-down prepayment. Loans will float after the initial fixed rate term rather than face a loan maturity.

  • Fixed Rate Capital for Land Loans

    Hot Money

    November 20, 2019

    GSP is working with a capital provider that will provide recourse fixed rate financing to 65% of value for land financing, 75% of value for construction and 90% of value on build to suits and preleased properties. Loan sizes range from $5,000,000 to $20,000,000 for transactions located in California, Arizona, Nevada, and Washington. Fixed rate pricing starts at 9% for terms up to 3 years for all CRE types including residential construction and entitled land.

  • Unentitled Urban Infill Land Financing Up to 75% LTC

    Hot Money

    November 13, 2019

    George Smith Partners is working with a capital provider that will provide non-recourse floating rate financing to 75% of cost including small lot subdivision and predevelopment for multifamily use. Pricing starts at 7.5% for terms up to two years for Multifamily, Office, Industrial, Retail, Urban Infill Land and Mixed-Use projects. Loan sizes range from $1,000,000 to $15,000,000 for transactions located in California, Arizona, Texas, Oregon, Colorado, Idaho, Utah, Washington, Tennessee, North Carolina, Georgia, Pennsylvania, Massachusetts, Maryland, Virginia, Washington DC and Illinois. Origination fees are 2-3 points and there are no exit fees.

  • Non-Recourse Permanent Loan Program

    Hot Money

    November 6, 2019

    George Smith Partners is currently placing non-recourse permanent financing from $1,000,000 to $25,000,000 for industrial, office, retail or mixed-use stabilized properties located in top MSA’s. With the ability to advance up to 75% of purchase price, pricing is based on Treasury rates + 200 points and terms are 3, 5, 7 and 10 years. There is no cost to the borrower for appraisal, legal, title, escrow and recording.

  • Floating Rate Bridge Financing with Earnout

    Hot Money

    October 30, 2019

    George Smith Partners is working with a national capital provider that will provide non-recourse fixed rate financing with an earnout up to 80% of cost. With terms up to 5 years, loan sizes range from $3,500,000 to $40,000,000 (larger in certain circumstances) and pricing starting in the high 200 bps over LIBOR for core asset types as well as self-storage, student housing, hospitality, commercial condo and specialty use. Program highlights include no negative arb, flexible prepayment and non-cash flowing assets.

  • Permanent Construction Takeout Financing Prior to Lease-up

    Hot Money

    October 23, 2019

    George Smith Partners is working with a national portfolio lender providing construction loan take-out permanent programs for all product types ranging from $10,000,000 to $65,000,000 in primary and secondary markets prior to stabilization. With the ability to advance 75% of development cost, pricing starts at 3.50% for terms from five to ten years and the program offers a flexible stepdown prepayment. This lender offers true non-recourse and carve outs to an entity and not a warm body.

  • Non-Recourse Preferred Equity Financing up to 85% LTC

    Hot Money

    October 16, 2019

    George Smith Partners is working with an equity investor funding transactions from $4,000,000 – $20,000,000 for Multifamily, Hospitality, Office, Retail, Mixed-Use and Specialty Properties. Non-Recourse pricing starts at LIBOR+ 8% with terms up to five years and 85% of cost for developments and transitional properties in primary and secondary markets. The Lender offers interest only amortization and future advances for lease-up costs and capital expenditures.

  • Multifamily Financing Starting at 3.60%

    Hot Money

    October 8, 2019

    George Smith Partners is working with a capital provider funding permanent debt to 75% LTV. With a strong appetite for Multifamily, Office, Industrial, Retail, Self-Storage and Mixed-Use properties the Lender offers rates starting at 3.60% for loans in 10 Western U.S. states for transactions up to $30,000,000. The Lender has non-recourse and interest-only options available along with aggressive underwriting down to a 1.15x DSCR.

  • Non-Recourse Fixed Rate Financing 100% LTV

    Hot Money

    October 2, 2019

    George Smith Partners is working with a nationwide, non-recourse capital provider financing single tenant investment grade deals up to $300,000,000. With the ability to fund up to 100% of value, the lender offers fixed rates between 3.25% – 3.45% based on the credit quality behind the lease, and terms up to 30 years for Federal, Municipal, Office, Distribution and Industrial properties. For a NNN lease the lender will advance down to a 1.0 debt service. Structures can include ground leases, construction to permanent and forward fundings

  • Non-Recourse Multifamily Bridge Financing to 80% LTC

    Hot Money

    September 25, 2019

    George Smith Partners is working with a national capital provider funding non-recourse bridge debt to 80% of total cost. True proforma based underwriting with a strong appetite for Multifamily and Mixed- Use properties (up to 100+units) with no in-place cash flow requirements. The Lender offers flexible loan structures with interest only terms up to 3 years for transactions up to $15,000,000. Risk adjusted, fixed rate pricing starts at 6.75%, fixed for the life of the loan with no extension fees. Closing costs including lender legal are less than $2000.

  • Preferred Equity Financing Up to 90% LTV

    Hot Money

    September 18, 2019

    George Smith Partners is working with a capital provider for owners of all types of income producing, value add commercial real estate. Funding transactions from $2,000,000 to $20,000,000 the equity provider offers a 9% preferred return, plus profit participation of approximately 35%. With the ability to go up to 90% of the total capital stack and assuming 70% senior debt leverage, they can provide approximately 2/3rd of the equity on a senior basis, while the operating partner invests approximately 1/3rd of the equity on a fully subordinate basis.

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