Nationwide Non-Recourse Bridge & Mini-Perm Program from $1,000,000 to $10,000,000.
6 – 28 – 12 GSP is working with a national balance sheet bridge-loan provider advancing up to 70% of purchase price on a non-recourse basis. The LTV will be limited to 65% on refinances and is not subjected to secondary internal underwriting. This capital provider will advance to 100% of good news dollars going forward. Note purchase financing will be considered for performing, non-performing and distressed transactions. Assets should be B quality or better, although sponsor qualifications are less stringent. Pricing ranges from mid-7’s to 9% for 3 to 5 years; interest only with one point origination and one point upon exit.
