George Smith Partners Arranges $86M Construction Debt on Sacramento MXU
George Smith Partners (GSP) has finalized the securitization of $85.8 million in construction financing on behalf of 29th Street Capital and Bridge Investment Group for a 372-unit multifamily development in Sacramento. Located in the River District, an Opportunity Zone within Sacramento, this is phase A of Township 9, a 2,400-unit transit-oriented development
The GSP advisory team includes managing director Shahin Yazdi, SVP Miles Musalman and VP Kyle Redmond. “This development will be a vital addition to the Sacramento community, providing much-needed housing and creating jobs in the area,” said Yazdi.
Breaking ground in the second quarter, this phase of the development will consist of studios, one-, two- and three-bedroom apartments. At full buildout, Township 9 will also include more than 839,000 square feet of office space and 146,000 square feet of retail.