Perm
$16,000,000 Non-Recourse Cash-Out Refinance of an Un-Stabilized Grocery-Anchored Shopping Center in a Secondary Market
5 – 15 – 13 Transaction Description: GSP successfully placed the $16,000,000 on-book, non-recourse loan for a 152,765 square foot grocery-anchored shopping center. The retail asset is located in Sonoma County, Northern California. The loan was sized to 65% of … Continue reading
$7,735,000 Acquisition Loan for a 200 Unit, Colorado Springs Apartment Building
5 – 8 – 13 Transaction Description GSP arranged the acquisition financing of a 200 unit stabilized apartment building in Colorado Springs, Colorado. The property was constructed in 1949 and had been owned and privately managed by a local family … Continue reading
$1,295,000 Los Angeles-Multifamily Building Bridge Loan
5 – 8 – 13 Transaction Description: Bryan Shaffer successfully placed the acquisition debt of a 30 unit multifamily property in the Koreatown sub-market of Los Angeles. The owner plans to reposition the property and required a closing within 30 … Continue reading
$1,350,000 Cash-Out Refinance of a Mixed Use SoCal Asset
5 – 1 – 13 GSP placed the cash-out refinance of a restaurant anchored office building in Southern California. Additional loan proceeds were used to consolidate non-related, higher priced debt. The 10 year term is fixed for the first five … Continue reading
$7,500,000 Term Loan for Pool of Stabilized SFR Rentals Nationwide
4 – 24 – 13 Transaction Description: George Smith Partners successfully placed the $7,500,000 loan to recapitalize a 74-property pool of single family residences leased as rental investments in California, expandable to a Nationwide platform. The renovated single family detached … Continue reading
$1,950,000 Multifamily Purchase
4 – 24 -13 Transaction Description: Jason Gaffner successfully negotiated the acquisition financing for a 19 unit multifamily asset in the heart of Korea Town. The new loan is fixed for 5 years at 3.60% before rolling to an adjustable … Continue reading
$1,230,000 Cash-Out Refinance of a Playa Del Rey Multifamily to 75% LTV
4 – 17 – 13 Transaction Description: GSP successfully arranged the $1,230,000 cash-out refinance of a Playa Del Rey multifamily. The loan is fixed for 7 years before floating at 2.25% + 6 Month LIBOR for the remaining 30 year … Continue reading
$3,400,000: SRO/Multifamily Project in Downtown Los Angeles to a REIT + 35 Torrance Units to a Private Investor
4 – 17 – 13 Transaction Description: Bryan Shaffer placed two Single Resident Occupancy (SRO) transactions to two separate investors. The downtown Los Angeles/Skid Row project is a 198 unit SRO built in 1924, owned and managed by a public … Continue reading
Five-Week Life Company Close on 65% Occupied Office Building
4 – 10 – 13 Transaction Description: J. Jay Brooks placed the no-cash-out refinance of a single tenant office building in a secondary Colorado market. The asset is leased to a single tenant for ten years but was only 65% … Continue reading
$4,250,000 Acquisition Debt to 90% of Total Capitalization
4 – 3 – 13 George Smith Partners successfully placed the $4,250,000 acquisition loan of a 50,000 square foot industrial building located in The San Fernando Valley. The purchaser will relocate his light manufacturing and distributing operations to this new … Continue reading