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George Smith Partners is placing non-recourse reposition loans at bank pricing for larger assets. The LIBOR based capital provider will fund without a repayment guarantee to 65% of current value or 75% with a warm-body repayment guarantee. Transactions from $15,000,000 to $40,000,000 are priced from 275 to 325 over 30 day LIBOR, and are not subject to a floor. Assets in the Western United States are considered with positive debt coverage in place at funding.
