Balance Sheet Lender Offers Non-Recourse Permanent Loans With Early Spread Lock

GSP has sourced a balance sheet lender offering non-recourse loans from $7,500,000 to $25,000,000 fixed for 7 years with no lender origination fee.  Sized to 75% LTV, the lender will lock spread for 45 days early in the application process.  Multifamily, Retail, Office, Industrial, Self-Storage, Manufactured Housing, and Mixed-Use buildings in major markets and secondary markets will be considered.  The lender services the loan and does not require rating agency or B-piece buyer approval to fund which raises certainty of execution.