JV Equity/Pref/Mezz
$110,000,000 in Debt Financing and Joint Venture Equity for the Acquisition of 1,127 Multifamily Units
3 – 27 – 13 GSP arranged $64,800,000 in first mortgage debt financing and $31,700,000 in joint venture equity (96.5% of the Sponsor’s total costs) on a 396-unit Class A- multifamily asset and a 379-unit Class B+ multifamily asset, both … Continue reading
$13,000,000 Joint Venture Equity, “For-Sale Condominiums”
12 – 19 – 12 Transaction Description: GSP’s secured the $13,000,000 Joint Venture equity investment for the ground-up re-development of a Carlsbad luxury condominium project. Malcolm Davies developed an ‘Equity Introduction Program’ to marry the needs of sponsors requiring equity capital … Continue reading
85.8% LTV $4,700,000 Re-Capitalization of a Maturing TIC Note with Senior Debt & Preferred Equity
11 – 14 – 12 Transaction Description: GSP placed a two-tranche restructure involving the “roll up” of a Tenant-In-Common (TIC) ownership for a 73,000 square foot, multitenant flex industrial building in the Pacific Southwest. GSP successfully arranged a 10 year, … Continue reading
$52,000,000 Inland Empire Multifamily Construction Financing to 71.8% of Cost
7 – 18 – 12 Transaction Description: George Smith Partners placed the construction debt [$35,000,000] and mezzanine financing [$17,000,000] for the ground-up development of a Class A apartment community in Wildomar, California. The project encompasses 312 units spread over 18 buildings, … Continue reading
$3,200,000 DPO Joint Venture/Recapitalization
7 – 11 – 12 Transaction Description: GSP arranged a new $3,200,000 equity infusion, enabling the Sponsor to execute a discounted note purchase (DPO) of his mixed use/office-retail property, plus an adjacent finished lot. The Clients’ loan was in maturity … Continue reading
$11,115,000 Joint Venture Acquisition and Construction Equity
6 – 13 – 12 Transaction Description: George Smith Partners arranged $11,115,000 in Joint Venture Equity to acquire a to-be-built 95 Unit multi-family development site in West Los Angeles. The client, a well-regarded Los Angeles based developer, was approached directly … Continue reading
$10,900,000 Senior Bridge and $4,430,000 Equity (98% Leverage to Total Cost) for a Denver Apartment Acquisition & Rehabilitation
6 – 7 – 12 Transaction Description: George Smith Partners successfully placed both the bridge debt financing and equity placement on a 107-unit, high-rise apartment acquisition and rehabilitation in Denver. The Property represents a one-of-a-kind opportunity in this market, but requires … Continue reading
$25,000,000 Joint Venture Acquisition & Construction Equity
4 – 11 – 2012 Transaction Description: George Smith Partners arranged the $25,000,000 Joint Venture equity to acquire a to-be-built multi-family development site in the Inland Empire, California. GSP was engaged with a very short timeframe to secure an equity … Continue reading
$6,700,000 Joint Venture Multifamily Acquisition & Reposition
11 – 09 – 11 Description: George Smith Partners arranged the $6,700,000 equity investment to facilitate the acquisition of a 400 unit multifamily property in Houston, Texas. The recently renovated class A asset was operated poorly due to ownership and management … Continue reading
Acquisition/Reposition Joint Venture Equity for Distressed Retail in Phoenix
6/8/2011 GSP arranged the $4,100,000 joint venture equity investment for a portfolio acquisition of 40,000 square feet of distressed retail in Phoenix, Arizona. The sponsor is a sophisticated local investor/developer focused on Phoenix retail investments with an expert in-house leasing … Continue reading