Hot Money

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    Tighter Spreads on Bridge Debt for Transitional Assets

    Hot Money

    August 16, 2017

    GSP is originating bridge loans $25,000,000 and up for a balance sheet lender starting at LIBOR plus 3.50%, up to 80% LTV for multifamily, retail, industrial, office, and hospitality.  The lender will focus on value add transitional assets with sponsors with a proven track record.  Transitional assets located in good locations in primary and secondary markets throughout the U.S. will be considered.

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    Aggressive Construction and Bridge Debt for Unique Deals

    Hot Money

    August 9, 2017

    GSP is originating non-recourse bridge and construction debt for transactions nationwide from $5,000,000 to $75,000,0000 for a balance sheet lender with a strong reputation for closing on terms as applied.  Loans can close as quickly as 30 days from application.  Pricing starts at LIBOR plus 6.50% and advance up to 75% of cost.  The lender will finance foreign nationals with U.S. based assets.  Ideal transactions are bridge deals that require structure and ingenuity where the lender can price like debt, but give the sponsor the advantages of equity by moving quickly and understanding multi-phase business plans.

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    Non-Recourse Construction Loans Nationwide

    Hot Money

    August 2, 2017

    GSP is originating non-recourse loans nationwide up to $50,000,000.  The lender will consider apartments, pre-leased retail, and special use including hospitality and self-storage.  The loans can have a duration as long as four years and will be interest only for the length of the term.  Borrowers who are startups with limited financial strength will be considered.  Leverage will be extended to 65% LTC.  The lender prides themselves on speed of execution.

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    Loans to 95% of Purchase Price

    Hot Money

    July 26, 2017

    GSP is originating loans from $1,000,000 to $30,000,000 for a private lender funding loans on all asset classes in gateway cities throughout the U.S.  The lender will finance transitional assets, distressed assets, and loans that are stabilized and need quick funding at leverages up to 95% of purchase price or 75% of total capitalization.  Rates start at 8% and with origination from 1% to 3% for terms up to 2 years.  No prepayment penalty or minimum interest is required.  Loans can close as quickly as one week from signed application.

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    National Portfolio Customizes Non-Recourse Bridge and Permanent Loans to $30,000,000

    Hot Money

    July 19, 2017

    GSP is working with a national portfolio lender focusing on tailored lending solutions for middle market real estate operators in MSAs throughout the U.S. with a population of 250,000 people or more.  The lender specializes in non-recourse bridge and non-recourse permanent debt on commercial real estate.  Bridge debt for transitional assets can go up to 80% LTC with rates starting at LIBOR plus 4.25%.  The permanent loan program can offer an alternative to the CMBS market by offering a tailored solution specific to borrower’s unique property attributes and extending loan terms up to 20 years which can be advantageous in instances where the lease roll makes 5 and 10-year execution difficult to underwrite the exit. The lender also offers a forward rate lock up to nine months in advance which can be used in conjunction with the bridge program to eliminate interest risk on reposition strategies.  The lender will consider multifamily, office, retail, and industrial properties on loan sizes typically between $5,000,000 and $30,000,000.  Single Family Residential portfolios can also be considered.  Borrowers with blemishes on their credit will be considered.  Loans can close in 30 days with affordable legal and closing costs.

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    High Leverage Non-Recourse Bridge and Construction Financing

    Hot Money

    July 12, 2017

    George Smith Partners is originating loans for a global real estate investment management firm.  The lender can finance transitional properties in need of bridge debt with rates starting at LIBOR plus 3.00% and leverage up to 85% of cost.  Senior loans start at $25,000,000.  Mezzanine and Preferred Equity start at $10,000,000 to leverage up to 90% of cost and the lender has a capacity to take down the entire loan on their balance sheet if the senior lender is unable to lend.  Special Use assets will be looked at selectively.  The lender has a $300,000,000 allocation for construction loans.

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    Aggressive Structured Finance Solutions in Secondary and Tertiary Markets

    Hot Money

    July 5, 2017

    GSP is originating debt for a publicly traded REIT that can provide fixed-rate and floating-rate non-recourse commercial mortgages, mezzanine financing, and preferred equity. They deliver certainty of execution on their fixed rate debt by purchasing their own B-piece debt.  Our lender is aggressive on leverage in secondary and tertiary markets and can customize a structured solution for transitional assets or near term rollover. Loans start at $5,000,000 and up with leverage up to 75% LTV and rates fixed for 10 years.

     

     

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    Flexible High Leverage Financing Nationwide

    Hot Money

    June 27, 2017

    GSP is originating loans from $7,500,000 to $35,000,000 with a multifaceted capital provider that can provide high leverage financing nationwide on multifamily, industrial, self-storage, office, hospitality, student housing, and retail. Their high leverage bridge debt starts at LIBOR plus 4.00% and allows future funding without negative arbitrage and only 12 to 18 months yield maintenance.   They also have an aggressive special situations funds starting at LIBOR plus 7.00% for all commercial property types including condo inventory loans for all business plans except construction.  The lender accommodates acquisitions, discounted payoffs, partnership buyouts, and equity recapitalization.

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    Construction and Bridge Financing for Large Projects In Major Markets

    Hot Money

    June 21, 2017

    GSP is working with an opportunity fund to arrange senior and mezzanine debt for pre-development, construction, and heavy bridge deals for large transactions throughout the top 20 MSAs in the U.S.  The unique feature of this lender is that they fund the whole loan and do not syndicate the construction loan which has become increasingly common for large construction deals.  Mezzanine Loans from $20,000,000 and up will be considered as well as whole construction loans $75,000,000 and up.  A representative loan structure would be class A multifamily construction at 75% Loan to Cost at LIBOR plus 5.50%.

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    High Leverage Non-Recourse Construction and Bridge Financing

    Hot Money

    June 14, 2017

    GSP is originating non-recourse, construction, bridge and quick-close financing opportunities from $5,000,000 to $25,000,000 to 85% LTC and 75% LTV.  Acquisition and pre-development, transitional use, and adaptive reuse will also be considered.  Pricing starts at LIBOR plus 800 with current pay and accrual structures.  Loans can close in as little as two weeks.  All product types including entitled land in coastal or infill areas will be considered.  The lender is active in major markets west of Denver, CO.

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    Participating Loans to 90% LTC for Transaction $20,000,000 and Above

    Hot Money

    June 7, 2017

    GSP has sourced a capital provider that can provide non-recourse loans to 90% of cost including interest reserve, tenant improvement, leasing commission, and capital expenditures.  The loan will feature a current pay of 6.50% to 7.50% and an equity participation at the end of the five-year term.  The minimum loan size will be $20,000,000 and some interest only is available.

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    Creative Financing Solutions to $100,000,000 for Construction and Bridge Loans

    Hot Money

    May 31, 2017

    GSP is working with a credit company providing high leverage, creative financing solutions for transactions typically unable to be financed by banks.  Loans will be limited to 70% LTV, but can be over 100% of cost for the right transaction.  Pricing starts at Libor plus 10% for terms up to 5 years.  Construction, bridge, and land loans along with other opportunities that require structure will be considered.  Loan sizes range from $10,000,000 to $100,000,000 for transactions in markets with strong fundamentals.