George Smith Partners is placing stabilized assets with a national portfolio lender funding from 200 basis points over the seven-year treasury. Current coupons are priced all-in at 3.27% today to 65% LTV. Non-recourse is available on requests below 55%. Core assets in metropolitan communities are underwritten in Western Coastal States and Colorado. Step-down prepayment options and three, five or ten year terms may also be structured at slightly higher spreads.