Apartment
$38,900,000 Senior Construction Facility
5 – 15 – 13 Transaction Description: George Smith Partners successfully placed the $38,900,000 loan to take out a $6,000,000 bridge lender and provide ground-up construction financing for Phase 1 of a 373 unit, multifamily/marina development on Hayden Island in … 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
$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
10 Day Close on 40% Occupied Multifamily for $3,150,000
4 – 10 – 13 Transaction Description: GSP’s Bryan Shaffer successfully placed the acquisition debt of for a distressed 208 unit multifamily asset that is 40% occupied. The transaction from introduction to funding executed in 10 days. Challenge: The subject property … Continue reading
$2,450,000 28-Unit Multifamily Cash-Out Refinance
4 – 3 – 13 Jason Gaffner successfully placed the refinance of a stabilized multifamily property with an active regional bank. There was a substantial return of equity to the Borrower. The new financing is fixed for 5 years at … Continue reading
$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