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George Smith Partners is originating multifamily loans fixed for 12 years with 30 year amortization. These non-recourse loans are not constrained by stressed DCR tests or artificial capitalization rates. LTVs to 80% on purchases with up to three years of interest only for quality assets; 75% LTV for cash-out refinances. There is no interest-only option with any return of equity. Transactions are sized from $1,000,000 to $50,000,000 for stabilized assets nationwide. Par pricing tops off at 4.50% fixed for the 12 year term with larger transactions and/or lower leveraged requests funded at a reduced rate.