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George Smith Partners identified a Washington State Community Bank actively funding ground-up construction, bridge/reposition and mini-perm debt in Washington, Oregon and Hawaii. Core assets plus hospitality will be considered in those markets. Multifamily bridge debt will also be underwritten for California assets to break-even debt coverage. LIBOR based loan are being funded from 3.0%; $2,000,0000 to $25,000,000 for a two-year term before options. Secondary and tertiary markets are considered.
