5 – 2 – 12
George Smith Partners is working with a new commercial lender consisting of a four-bank roll-up. With a clean balance sheet and no legacy issues, this regional lender will fund cash flowing or less-than cash flowing transactions to $30,000,000. Make-sense underwriting is used for sizing although strong recourse sponsorship is required for higher LTV and/or transactions involving moving pieces. Out-of-market transactions are considered for SoCal borrowers. Pricing is aggressive for clients who may not size for money center banks.