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George Smith Partners is working with a Regional Bank actively ramping up their commercial real estate portfolio as economic metrics continue to stabilize. Applications fully executed with deposits posted by March 31st will qualify to receive a 3.25% start rate for two year before adjusting up to 4.50% for the remaining 8 years of the fixed term. Transactions of up to $10,000,000 will be sized to 75% for multifamily, 70% for most commercial assets and 65% for unanchored retail. All California major metropolitan markets will be considered. The recourse loan will carry a 5-5-4-3-2 prepayment penalty.
