Rate: 4.49%, Fixed
Term: Seven years
Amortization: Two years Interest Only; 30-year amortization thereafter
LTV: 70%
Prepayment: Step-Down Prepayment
Guarantee: Non-Recourse
Lender Fee: None
GSP successfully placed $3,265,000 in permanent debt to take out a construction loan on a newly built mixed-use property located in the heart of St. Louis City. The non-recourse, 75% leverage loan has a fixed coupon of 4.49% for the duration of the seven-year term. The financing provided significant cash out to the borrower and maximized cash flow via two years of interest only payments prior to converting to 30-year amortization. GSP leveraged its lender relationships to achieve the most competitive loan terms for the borrower which included structuring multiple pricing and loan-to-value exceptions.
Advisors
Related Financings
- No related financings.
