Construction

$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 →

$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 →

$7,850,000, 40 Unit Ground-Up Apartment Construction Loan, Los Angeles, California

9 – 27 – 12 Transaction Description: GSP arranged the financing for a 40 unit ground-up apartment development in Hollywood, California. The developer had assembled the land over a period of years, and originally intended to develop a “For-Sale” building. … Continue reading →

$14,000,000 Ground-Up Construction-to-Perm of a To-Be-Built Assisted Living Facility

9 – 19 – 12 Transaction Description: GSP successfully placed the $14,000,000 construction-to-permanent loan for a to-be-built Assisted Living Facility in Sacramento, California. The recourse construction facility is for eighteen months, interest only with the takeout underwritten and in place … Continue reading →

$53,700,000 Multifamily Construction Financing

7 – 25 – 12 Transaction Description: George Smith Partners successfully placed the construction debt financing for a 385 unit luxury Montclair apartment community. This follows the $25,000,000 Joint Venture equity component GSP sourced in March for the same Borrower. The … 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 →

$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 →