National Three Year Floater from $5,000,000

George Smith Partners is placing “light bridge” non-recourse floating rate debt with a national debt fund @ LIBOR + 500. There is no interest rate floor although a LIBOR cap purchase is required. Cash flow is preferred but transactions with sub-1.0 coverage have been funded down to a 1.5% debt yield. Future funds are not held back, ie: there is no negative arbitrage. All core products exclusive of hospitality are considered for this national program.