In the Press

  • Gary Tenzer Explains Why You Should Say Yes To Paying A Defeasance Fee

    In the Press

    June 13, 2018

    With interest rates increasing, some investors are taking a moment to review their loan portfolio to see where they can mitigate the potential impact of higher rates. G.H. Palmer has been fervently combing through his portfolio for nearly a year—and he has seen big benefits in refinancing early and paying a pre-payment penalty to get into a more profitable loan structure. Gary Tenzer, co-founding principal at George Smith Partners, has been guiding the process. The most recent refinance under this model is the $158.8 million in financing for Colony Townhomes, a 752-unit multifamily property located in the Canyon Country community of Santa Clarita, which GlobeSt.com has learned of exclusively.

    Click here to read the exclusive story published in GlobeSt.

  • The Popularity of Life Company Construction to Permanent, Takeout Financing by Antonio Hachem

    In the Press

    June 11, 2018

    “Floating-rate debt offered by banks for ground-up construction was very attractive in the recent past. With the increase to LIBOR, rising interest rates and the fear of unpredictability in the capital markets, however, borrowers are are more attracted to longer term debt construction financing with fixed rates at funding for the entire loan term. Construction to perm financing and takeout financing upon completion of construction – prior to stabilization with life insurance companies is becoming more popular”.

    Click here to read The Popularity of Life Company Construction to Permanent, Takeout Financing by Antonio Hachem.

  • Malcolm Davies was mentioned in The Registry-San Francisco

    In the Press

    May 16, 2018

    Dutchints Development Spends $48MM for Los Altos Property

    The debt portion of the financing was provided by George Smith Partners, which helped arrange the high-leverage $41,000,000 bridge loan for the acquisition. We were able to fulfill this requirement in a 60-day period and secure financing for 24 months at an 85 percent loan-to-purchase price.

    Click here to read the full article.

  • Developer Secures $234,000,000 for LA Portfolio

    In the Press

    April 18, 2018

    G.H. Palmer, a Southern California-based commercial real estate developer, has obtained more than $233.6 million in cash-out refinancing for a multifamily portfolio.  The properties, the Medici and Orsini I, are in downtown Los Angeles.  Gary M. Tenzer, principal and co-founder of George Smith Partners, oversaw the refinancing on behalf of G.H. Palmer, arranging the loan as interest-only for its entire term. Click here to read the full story.

     

  • Alina Mardesich Discusses New Trends in OC Office Investment

    In the Press

    April 16, 2018

    Alina Mardesich was mentioned in SoCal Real Estate in reference to the $18,032,000 non-recourse, floating-rate bridge debt on an 85%+ occupied portfolio of multi-tenant office properties located in Orange County.  Click here to read the full story.

  • Gary Tenzer is in the Connect LA Video

    In the Press

    April 5, 2018

    Gary Tenzer, Principal/Co-Founder of George Smith Partners gives his thoughts on if you should be a buyer or seller in the next 18 months and why.  Click here to watch the video from Connect LA.

  • Team Mozer in the News!

    In the Press

    March 30, 2018

    MidCap Financial Provides $17.9M Refinancing for Shopping Center in Sacramento

    MidCap Financial has provided $17.9 million in refinancing for the repositioning and lease-up of Stockton Plaza, a grocery-anchored community shopping center in Sacramento. The borrower is Santa Monica, Calif.-based DPI Retail.

    The borrower plans to renovate and repurpose the property, which Kmart formerly anchored. A regional grocery chain and national discount department store will be the new anchors at the renovated center. .

    Read the full article here.

  • Hyatt Sees Double on LAX-Area Hotel Project

    In the Press

    November 27, 2017

    “Tourism, development and infrastructure activity are the driving factors behind the planned conversion of a 13-story office tower near Los Angeles World Airports into a dual-branded hotel.  The office structure at 5959 Century Blvd. will be renovated into a 129-room Hyatt House and 272-room Hyatt Place Hotel for Hyatt Hotels Corp. of Chicago, according to investment banker George Smith Partners.  The Century City-based firm arranged $50 million in construction financing for the conversion project on behalf of the owner, a limited liability entity named 5959 and an affiliate of West Los Angeles hotel financier and developer California Real Estate Regional Center…”

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  • David R. Pascale Jr. Mentioned in the Los Angeles Business Journal

    In the Press

    November 6, 2017

    David Pascale Jr., Senior Vice President of George Smith Partners was asked, “How many Dodger games did you go to this year?”
    “I attended eight games, including two World Series home games. As an avid fan, I have been going to games since 1969. My love of the team started when I was listening to Vin Scully on the radio and keeping score in a scorebook at home.”

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  • $58M Financing Earmarked for Atlanta Portfolio Acquisition

    In the Press

    November 6, 2017

    A private investor has received $58 million in financing to acquire and reposition a workforce housing portfolio in the Norcross submarket of the Atlanta metro area. George Smith Partners Inc. secured the financing for the buyer of the two vintage buildings. The capital package consists of $45 million in non-recourse acquisition debt and $13 million in joint venture equity. The loan is interest-only during the initial four years of the term, followed by a 30-year amortization.  Click here to read the full story.

  • Shahin Yazdi: Fifty Under 40

    In the Press

    October 31, 2017

    Shahin Yazdi, Principal & Managing Director has been nominated by Real Estate Forum for, “Fifty under 40” 2017.  Shahin is the youngest Principal and Managing Director in George Smith Partners’ 25-year history.  In just 10 years with the firm, Yazdi has arranged more than $1 billion in financing for commercial real estate transactions throughout the United States.  Click here to read the full article.

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