California Ground-Up Construction

George Smith Partners is working with a regional bank actively funding new construction projects statewide. Recourse debt is available for all core assets to 75% LTC plus flagged hospitality (65% LTC) and for-sale stick-built & condominium projects. Other Special Use assets will be considered to 60% of cost. Transactions to $10,000,000 may also qualify for a floating or fixed rate mini-perm upon stabilization. Rates and terms are project specific.