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George Smith Partners has identified a capital provider funding reposition transactions nationwide. The portfolio lender, a mid-states regional bank, will lend on the four primary product types, plus condo inventory backed transactions. The bank will fund from $5,000,000 to $25,000,000 nationally in the top 100 markets on a non-recourse basis. Rates range from 7% to 9% interest only for the three-year term. DPOs and value-add construction will be funded with good news dollars but no ground-up is available at this time.