4 – 10 – 13
George Smith Partners is actively placing the entire capital stack on existing hotel/hospitality transactions with a single capital provider on a national basis. Bridge/reposition and perm debt is available under this program from $15,000,000 and up to 75% LTC/LTV. Transactions that cover to a 1.0 DCR or better are funded without a repayment guarantee. Sub-10% debt yields are funded on business projections with a 12% debt yield exit. DPOs/story deals are welcome. Most flags are considered with Hilton and Marriott favored. Mezz-debt and joint venture equity requests are underwritten to quality experienced Borrowers from $5,000,000. Ground-up construction is not currently being considered by this $1.4 billion fund.