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

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.