Fixed Rate Capital for Permanent Loans

GSP sourced a national capital provider that will provide recourse fixed rate financing to 75% of cost including, tenant improvement, leasing commission, and budgeted capital expenditures on assets with up to 20% vacancy. Fixed rate pricing starts at 4.5% for terms up to 10 years. They offer a 90-day free rate lock, 30-year amortization and no reserves or holdbacks for tenant improvements. Permanent loans along with other opportunities that require structure will be considered. Loan sizes range from $1,000,000 to $15,000,000 for transactions in markets with strong fundamentals. The capital provider has a local decision maker that will fund alternative asset classes that others typically avoid.