Gary Tenzer Gary Tenzer

After securing debt on a property, many owners make their payments and don’t think about the debt until the loan is near term. However, there could be creative options for owners—even if that means paying a defeasance. Gary Tenzer, co-founder and principal of George Smith Partners, has recently completed two creative financing packages on behalf of his client G.H. Palmer that helped save significant funds by lowering the interest rate significantly. Tenzer says that these loans are provide a good incentive for borrowers to pay more attention to their debt and work with their capital markets brokers to find opportunities.