Hot Money

5 – 16 – 13 Wall Street is actively expanding their platform and structures to attract a higher production volume. GSP is receiving qualified terms from one CMBS originator quoting five year fixed rate, amortized over 30 years down to … Continue reading →

5 – 8 – 13 George Smith Partners identified a Washington State Community Bank actively funding ground-up construction, bridge/reposition and mini-perm debt in Washington, Oregon and Hawaii. Core assets plus hospitality will be considered in those markets. Multifamily bridge debt … Continue reading →

5 – 1 – 13 George Smith Partners is placing non-recourse reposition loans at bank pricing for larger assets. The LIBOR based capital provider will fund without a repayment guarantee to 65% of current value or 75% with a warm-body … Continue reading →

4 – 24 – 13 GSP is working with an international firm with 700+ employees in 10 countries possessing ample capital to be deployed. With almost $78 billion under management, their real estate allocation is poised for global growth. Equity … Continue reading →

4 – 17 – 13 GSP is working with a Southern California Community Bank actively funding ground-up construction and major reposition assets from $1,000,000 to $6,000,000. They can work through moving pieces and special use assets including hospitality, tract & … Continue reading →

4 – 10 – 13 George Smith Partners is actively placing the entire capital stack on existing hotel/hospitality transactions with a single capital provider on a national basis. Bridge/reposition and perm debt is available under this program from $15,000,000 and … Continue reading →

4 – 3 – 13 A national hedge fund is flexing their balance sheet with the addition of construction or perm mezzanine debt behind a bank or Wall Street CMBS execution. Preferred equity may be structured if a tri-party agreement … Continue reading →

 3 – 27 – 13 George Smith Partners identified a regional bank expanding their balance sheet to include ground-up construction requests in California and Texas to 75% of total cost. Multi-family, office, retail, industrial and flagged hospitality will be considered … Continue reading →

3 – 20 – 12 GSP is working with a national balance sheet bridge-loan provider advancing to 70% of purchase price/65% on refinances on a non-recourse basis. This nationwide program targets reposition assets in major metropolitan markets. This capital provider … Continue reading →

3 – 13 – 13 Hotel capital is making a renewed resurgence. As capital continues to chase core assets down to tight yields, GSP is working with a debt fund willing to accept more risk in exchange for a wider … Continue reading →