Treasuries and SWAPs are in flux as Greece moves to resolve their cash crisis, placing a strain on borrowers and underwriters as they size debt coverage constrained commercial loans. GSP is placing fixed rate debt on stabilized assets with a non-Life Insurance portfolio provider funding forward rate locks to 12 months for loans from $1,000,000 to $10,000,000. Multifamily and multi-tenant commercial assets in major metro-markets are leveraged to 75% of appraised value for loan terms to 15 years, amortized over a 30 year schedule. Flexible step-down prepayment options may be structured to match a borrower’s investment strategy. A 2% refundable deposit is required for locks in excess of 60 days as is a small spread-premium based on loan and lock terms.
