GEORGE SMITH PARTNERS SECURES $81 MILLION IN FINANCING FOR THE ACQUISITION OF A RECENTLY DEVELOPED SOUTHERN CALIFORNIA MULTIFAMILY COMMUNITY

Commercial real estate investment banking firm George Smith Partners has successfully secured an $81 million bridge loan through GE Capital on behalf of its client, GH Palmer Associates, for the acquisition of The Paseos at Montclair North, a 385-unit luxury multifamily community located in the city of Montclair, California, according to Gary M. Tenzer, Principal and Managing Director of George Smith Partners