George Smith Partners identified a portfolio lender funding fixed rate loans from $5,000,000 to $50,000,000 in the Western United States. Sized to 75% of value, ten year term floating rate loans start at 3.25% with the ability to fix the rate, at any time, for 5 years during the initial term. A stepdown prepayment is offered during the fixed rate period, offering borrowers the availability of today’s low floating rates with the security of a future fixed coupon while maintaining prepayment flexibility. Core asset classes and medical office are considered.
