| 2 – 19 – 2014 |
| Transaction Description: GSP successfully arranged the cash-out refinance of an 80,000 square foot warehouse in Vernon, California. The Los Angeles based owner/user owns several separate buildings where they manufacture, assemble, and ship their product globally. The recent economic downturn netted losses posted to the company financials during the last several years and their bank was unwilling to extend additional credit. No warm-body was available to provide for a repayment guarantee. GSP identified a fund that was comfortable providing a return of equity based on the value of their real estate. Proceeds from the non-recourse loan will be used by the Company for expanding their operations lines as corporate sales have picked up throughout the United States. |
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| Rate: 8.99% |
| Term: 12 Months+Two 6 Month Options |
| Amort: IO |
| LTV: 35% |
| Prepayment: None |
| Non-recourse |
| Lender Fee: 1.5% |
| Advisors: Jonathan Lee, Shine Cheng |
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