Non-Recourse Hospitality Perm and Reposition/Bridge Debt up to 85%LTC/LTV

George Smith Partners is working with a national capital provider funding floating rate bridge and fixed-rate perm debt on flagged hospitality. Bridge requests from $5,000,000 to $25,000,000 sized to 85% loan-to-cost. Pricing starts at LIBOR plus 500 basis points, and can be non-recourse for high quality Sponsors. Permanent debt extends to 85% loan-to-value with a pre-payable mezzanine component; ie the mezzanine component may be replaced with equity or a lower cost of capital at a future date. Terms are 5 to 10 years fixed with up to a 30 year amortization on a non-recourse basis for stabilized assets.