GSP has sourced a private lender offering non-recourse loans from $1,000,000 to $15,000,000 to 60% LTV. Loan are priced between 7.50% and 8.99% with up to 2% origination and no-prepayment penalty. Transactions with low going in cash flow can take advantage of the lender’s offer to fix the current pay to 4.99% and accrue the remainder of the interest due until the end of the 24 month term without compounding interest. No appraisal is required and lender can close in three weeks or less.
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