Land
$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
$2,400,000 Ground-Up Construction Loan in La Jolla, California
9 – 7 – 11 Description: GSP successfully placed the $2,400,000 construction loan on a vacant parcel for the development of a luxury second home. The 30 year term loan is priced at 4.375% to 75% LTC. The loan allows … Continue reading
Joint Venture Equity for Partially-Entitled Land
4 – 27 – 11 Transaction Description: GSP arranged a $19,000,000 Joint Venture equity investment for the acquisition of a partially-entitled land assemblage. The Los Angeles (Hollywood) California site will be developed with 200 multifamily units and ground floor retail. … Continue reading
Via Equity Placement of $2,991,000, George Smith Partners Assists Client With Land “Arbitrage” Purchase in Santa Monica
12 – 23 – 10 Transaction Description: GSP arranged private equity for the purchase of a 15,000 sf, vacant office building on 4 city lots near the 3rd St. Promenade in Santa Monica. Our client, already an experienced developer and … Continue reading