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| J.Jay Brooks |
LOS ANGELES, CA (Nov. 3, 2014) – Commercial real estate
investment banking firm George Smith Partners has successfully arranged a
$172.3 million bridge loan for a portfolio of 36 properties located in 17
states nationwide, according to George Smith Partners’ Senior Vice President J.
Jay Brooks.
“This
portfolio had been mired in complex litigation for many years as a result of a
loan maturity default that took place during the recent recession,” explained
Brooks.
“George Smith Partners was intimately involved in the
finance process for this portfolio from beginning to end.
“ By keeping our client in front of the best capital
providers during a volatile time, the client was able to negotiate the terms of
the bankruptcy exit and ultimately secure the bridge financing needed to
maintain their ownership of this portfolio.”
The
portfolio includes regional malls, office buildings, industrial properties and
mobile home parks located in both secondary and tertiary markets from Louisiana
to Alaska.
For a complete
copy of the company’s news release, please contact:
Corynne Randel/ Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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