Hot Money

George Smith Partners identified a national non-recourse bridge lender specializing in intermediate-term mortgages for value-add projects with opportunistic characteristics. Bridge debt can go up to 75% LTV on loan sizes between $3,000,000 and $15,000,000 with terms up to five years. The lender will finance traditional properties such as retail, multifamily, office, self-storage and industrial properties as well as student housing projects and self-storage facilities. The loan product offers floating rates over LIBOR, flexible prepay and no interest charges on future loan advances until they are disbursed.