GSP is working with a bank syndicator networking with Community Banks nationwide. Most Community Banks are limited by size as to what they can execute. Like their money center bank relatives, Community Banks are flush with capital they need to deploy and are actively participating in ground-up construction requests west of the eastern seaboard. Apartments are funded to 80% of cost while pre-leased retail to 75% LTC. Flagged hospitality is sized to as high as 60% of cost. Recourse may be limited to a capitalized entity upon exception. Rates float over LIBOR with a 5.25% floor for the three year term. Credit quality GCs are required as the Borrower is precluded from acting as the General Contractor under this system.