One of the most notable transactions in 2020 was an $83 million bridge financing loan for a 250-unit class-A multifamily development in the San Fernando Valley region of Los Angeles.
Malcolm Davies and his team, The Davies Group, a division of George Smith Partners, raised $521 million in capital for his clients in 2020. One of the most notable transactions in 2020 was an $83 million bridge financing loan for a 250-unit class-A multifamily development in the San Fernando Valley region of Los Angeles. The non-recourse bridge financing carries a three-year term at LIBOR + 5 percent, reducing to LIBOR + 4.5 percent upon the project’s receipt of Certificate of Occupancy. The loan provides proceeds for construction completion, anticipated to complete in early 2021, while allowing for an extended lease-up period prior to stabilization. The strength and track record of the sponsor, coupled with the centralized location within the San Fernando Valley, ensured that the project would complete and stabilize as anticipated.
Throughout his capital advisory career, Davies has focused on being a people connector. Regardless of whether it benefits his transactions in progress, Davies is always looking for ways to make introductions that will benefit both parties. It is this skill he leveraged to keep his team at George Smith Partners sustaining a surprisingly high deal flow during the pandemic.
These are some of the reasons we selected Davies for inclusion in our first-ever Top Mortgage Brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.