Hard Money
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
$9,100,000 Bridge Acquisition of an 85% Occupied Las Vegas Retail Center
3 – 6 – 13 GSP placed the $9,100,000 acquisition bridge loan for the purchase of The Shoppes at Harmon Square, a 35,265 square foot un-anchored shopping center located on the corner of Harmon Avenue and Paradise Road in Las … Continue reading
$6,000,000 Bridge Loan to repay Chapter 11 Creditors
12 – 12 – 12 Transaction Description: GSP arranged the bridge financing of a stalled residential condominium project along the a Pacific Northwest waterfront. The project consisted of a 204- Slip Marina and entitlements for 208 to-be-built condominium units. The … Continue reading
Arms-Length Non-Performing Note Purchase on a Southern California Mixed-Use Property to 85% Loan-to-Purchase
8 – 22 – 12 Transaction Description: GSP successfully placed the 85% loan to purchase debt on the distressed note for a first time note purchaser. The original loan funded a large mixed use property that was part of a complex … Continue reading
$2,145,000 10 Day Quick-Close Acquisition Financing for an Atlanta REO Apartment Building
6 – 28 – 12 Transaction Description: GSP successfully placed the acquisition financing for 172-unit apartment building that was foreclosed on by the prior lender. The property is currently 90% occupied at below market rents. While not a true distressed … Continue reading
$4,200,000 Distressed Note Acquisition
5 – 30 – 12 Transaction Description: GSP arranged hypothecated debt financing for the acquisition of a distressed senior note. The 1st Trust Deed for the 60-unit multifamily property was being serviced, but had matured. As a part of a … Continue reading
$7,300,000 Discounted Payoff of a Mixed-Use Office and Retail Building in Claremont, California
2 – 21 – 12 Transaction Description: George Smith Partners successfully placed the refinance of a discounted payoff (DPO) on a mixed-use, office & retail asset in Claremont, California. The subject property is listed on the Historical Landmark Registry. The … Continue reading
$7,000,000 Non-Recourse Acquisition & Reposition for a Tertiary Regional Mall
2 – 15 – 12 Transaction Description: Financing closed from start to finish in 10 days. This underperforming retail asset was operating at breakeven cash flow, but carries an incredible potential for redevelopment. Although the Borrower held expressions of interest from numerous … Continue reading
Foreclosure Avoided! $7,900,000 Bridge Loan Funded in 7 Days – Closed December 30th
1 – 18 – 12 Transaction Description: GSP arranged financing for a vintage historic Bay Area warehouse. The 28,000 s.f. property was fully renovated in the early 2000′s and is leased to a single tenant for creative office use. The … Continue reading
$1,740,000 Cash-Out Refinance for Unentitled Land
9 - 21 – 11 Description: GSP’s Sponsor required a bridge loan for the cash-out refinance of a 12.5-acre unentitled parcel in Oceanside, California. Proceeds from the 18-month, Interest Only loan will be used for pre-development costs on a proposed 165-room … Continue reading