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Treasury v. SWAP Execution; Life Company Wins on Rate

2 – 19 – 2014

George Smith Partners is closing acquisition and refinance of core assets nationwide with a direct Life Insurance provider who has recently compressed their spreads. The treasury execution also reduces the all-in coupon by 10 to 13 basis points over the comparable SWAP priced transactions. Loans from $5,000,000 to $75,000,000 range from 3.35% (5 year) to 4.05% (10 year) on 9.0% debt yields. Lower leveraged (higher debt yield) requests will receive tighter premium pricing by an additional 10 to 15 bpts. Flexible pre-payment options may also be structured prior to close.