GSP is working with a capital provider who is providing mezzanine, B-notes, and preferred equity investments ranging from $3,000,000 to $25,000,000, provided the subordinate debt is a minimum 15% of the debt stack. Asset types will include: Multi-Family, Manufactured Housing, Office (CBD and suburban), Retail (anchored and unanchored), Industrial, Self-Storage, and Hospitality (primary markets with minimum 5 years operating history). Pricing will be interest only at 9-11% for debt and 10%-13% for preferred equity. Debt will be leverage to 80% LTV and 1.10 DSCR and preferred equity will be sized to 85% LTV and 1.00 DSCR.
