GEORGE SMITH PARTNERS ARRANGES $25 MILLION IN FINANCING FOR CARRIAGE SQUARE SHOPPING CENTER IN OXNARD

LOS ANGELES, CA – February 28, 2012 – (RealEstateRama) — Commercial real estate investment banking firm George Smith Partners has successfully arranged two loans, totaling $25 million in financing for Upside Investments, LP., for its Carriage Square Shopping Center in Oxnard, Calif. according to Principal and Managing Director, Steve Bram and Senior Vice President, David Pascale. The two permanent loans replaced a construction loan which had allowed Upside Investments to complete a redevelopment of the 173,000 square-foot outdated shopping center. George Smith Partners had previously arranged the original construction financing for the center in November 2010