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The Davies Group at George Smith Partners Secure $42.5 Million in Financing for Hotel-to-Multifamily Conversion in Colorado Springs

LOS ANGELES, CA - Malcolm Davies and Zack Streit of The Davies Group at Los Angeles-based George Smith Partners, a premier commercial real estate capital advisory firm, arranged $42.5 million in construction financing for the conversion of a 496-key hotel to a market-rate multifamily complex in Southeast Colorado Springs. The financing was arranged on behalf of Shir Capital and the ValCap Group and provided by Parkview Financial.
“We were particularly attracted to the Colorado Springs. ....

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The Davies Group at George Smith Partners Secures $56.5 Million in Construction Financing for Mixed-Use Development in Solana Beach

SAN DIEGO, CA - The Davies Group at Los Angeles-based George Smith Partners, a leading commercial real estate capital markets advisor, secured $56.5 million of construction financing on behalf of Zephyr Partners for its project comprising 55,000 square feet of office space, 9,000 square feet of retail/food and beverage space and 25 apartment units at an infill location near the San Diego coast.
Located one block from the beach and the Cedros Design District and proximate to the Solana Beach train station, the two-story development strives for sustainability. It will be the largest mixed-use project along Highway 101 in the past three decades, offering a large office floorplate that is unique for the area. ....

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