Specialty
$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
$3,450,000 Restaurant Portfolio Refinance in Texas and Minnisota.
2 – 13 – 13 GSP arranged the financing for a portfolio of restaurants comprised of several Burger Kings and an IHOP in tertiary locations throughout the Midwest. We were engaged to obtain a lower coupon and faster amortization, to … 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
$5,000,000 2nd Funding for Los Angeles Hospitality
10 – 25 – 12 GSP placed a fixed rate, $20,000,000 permanent loan on a stabilized Los Angeles hotel last year with a major Life Insurance carrier. The Borrower recently approached GSP to secure an additional $5,000,000 to cover estate … Continue reading
$5,000,000 Facility Collateralized by Los Angeles Residential Rental Properties
9 – 5 – 12 Transaction Description: George Smith Partners successfully placed the $5,000,000 facility to fund pools of residential properties (1-4 units) leased as rental investments. The renovated and fully occupied residential properties are located in Los Angeles County including … 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
$10,000,000 Facility Collateralized by Northern California SFR Rentals
8 – 22 – 12 Transaction Description: George Smith Partners successfully placed the $10,000,000 facility to fund pools of single family residences leased as rental investments. The renovated and fully leased/occupied single family detached homes are located in sixteen counties … Continue reading
$4,000,000 Permanent Recapitalization Financing For 76,175 SF Single-Tenant Indiana Office Building
7 – 18 – 12 Transaction Description: George Smith Partners arranged cash-out permanent financing for a fully occupied single-tenant office building in a tertiary market of Indiana. The cash-out is a partial recapitalization of a recently acquired property on an … Continue reading
$23,000,000 Cash-Out Refinance of an Operating Marina and Boat Yard
6 – 20 – 12 Transaction Description: GSP successfully placed the cash-out refinance of an operating marina and boat repair yard in Fort Lauderdale, Florida. The property is half owned in fee, half owned in leasehold with the local municipality. … Continue reading
$1,550,000 Cash-Out Refinance of a Special Purpose, Single Tenant Building to 65% LTV
6 – 7 – 12 Transaction Description: Shahin Yazdi successfully placed the 65% LTV cash-out refinance of a Kindercare Daycare facility in Southern California. The special use tenant is privately held; no store sales information was available for underwriting. Challenge: Lenders … Continue reading