George Smith Partners is working with a national balance sheet lender funding bridge/reposition transactions from $5,000,000 on a non-recourse basis. Rates start at Libor + 1.75 % for terms up to 1 year up to 3 years. Leverage for apartments and senior housing up to 75% of purchase price. The lender will fund sub-break-even and to a 125 DCR threshold for lighter construction for better pricing. Fees are generally 100 to 150 bps.