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EL SEGUNDO, CA-George Smith Partners has funded $60 million of financing for the JH Snyder Co. and Goldstein Planting Investments’ Gateway Office Project here. The financing included $47 million of CMBS nonrecourse first mortgage debt priced at 5.2% fixed for five years and $13 million of preferred equity.

“In the new era of CMBS financing, this project was an excellent model of the future with multiple layers of capital for a project that was transitioning to stabilization,” says Steve Bram, managing director of George Smith Partners.

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