George Smith Partners (GSP)

Commercial Mortgage Alert Today - Great to see the team grow. Markets are improving. Reach out to our new colleagues Matt Fisher and Jonathan Chassin.

We want to welcome Matthew Fisher as a new Senior Director! “I am very excited to become part of such a well-established firm with a great reputation in our industry. I look forward to growing the George Smith Partners footprint in the Pacific Northwest while building on its legacy of ethical, effective, and sponsor-focused financing solutions” - Matthew Fisher "We are thrilled to announce that Matthew Fisher will be establishing a presence for George Smith Partners in Seattle. By leveraging our teams in Los Angeles and New York, we aim to create exceptional outcomes for our clients. Matt will work to expand our reach and build a top tier team in the PNW. Additionally, Matt will work to build new relationships with life insurance companies. We are excited about his leadership in this endeavor." - Evan Kinne

George Smith Partners has successfully arranged a joint venture equity partnership, securing up to $375 million for a prominent land banking investment firm. This capital infusion will be utilized to finance the acquisition and horizontal development of fully-entitled land designated for residential communities across the United States. The JV equity partner closed with an initial investment of $120 million to fund projects already under construction. Congratulations to the advisory team: Ed Steffelin, Evan Kinne, Jordan Lipton, and Nick Shapiro!

We want to welcome Jonathan Chassin as our new Managing Director in the NYC Office. "Jonathan's expertise in Structured Finance will be instrumental in expanding our presence in the NY Tri-State Region." - Justin Piasecki 

George Smith Partners has successfully facilitated the procurement of $8.75 million in preferred equity for a Sponsor’s acquisition of a 250-unit garden-style apartment property in Winston-Salem, NC. The team collaborated with a preferred equity provider that demonstrated a strong understanding of the market and Sponsor’s value-add business plan. The negotiations resulted in a preferred equity slice at a detachment point of 83% of total project cost. This mutually beneficial agreement showed the confidence both parties had in the assets’ value and post-renovation prospects. The capital provider exemplified their capacity to structure flexible pricing (current vs PIK) and a willingness to upsize to satisfy the deal’s evolving capital needs and structure.    The Sponsor, represented by the GSP team, has significant experience in North Carolina, although new specifically to the Winston-Salem submarket. Congratulations to the advisory team: Justin Piasecki, Shuvo Hussain, Thomas Butler, and Chandana Reddy!

Happy Independence Day from all of us at George Smith Partners!

George Smith Partners successfully structured the joint venture partnership for the acquisition and reposition of a 215-unit multifamily property in a Southwestern State. Congratulations to the advisory team: Mike Anderson-Mitterling!

I am deeply honored to be recognized in Commercial Observer's Power Series. This recognition is not just a testament to my work but also to the incredible team at George Smith Partners (GSP) Evan Kinne Ed Steffelin Justin Piasecki and mentors who have supported me along the way. Thank you to everyone who has been a part of this journey. I am grateful for the opportunities and look forward to continuing our work together to achieve even greater success. https://lnkd.in/gWd7ZUx5

George Smith Partners has a recently closed deal that was highlighted on CNBC news. Check out the full clip here: https://lnkd.in/de8QyvzN

George Smith Partners arranged 3 Supplemental Agency loans on a portfolio of apartment buildings. The supplementals allow the senior loans to remain in place. As the Sponsor has increased NOI since acquisition, the properties qualify for the increased leverage, a unique lending program specific to the agencies. The loans are individual non-recourse loans (no cross collateralization). Congratulations to the advisory team: Steve Bram, David Pascale, Allison Higgins, and Nick Rogers!