GSP is working with a private lender funding non-recourse loans to 75% LTC for transactions between $1,000,000 and $5,000,000. Rates are between 8% and 9% with approximately 2% origination vs. 10% and up for competitors in this space. Properties with zero cash flow are okay. The lender touts leverage and speed of execution to allow real estate companies to act quickly on business plans.
