Small Loan Bridge Debt from $1,000,000.

Small Loan Bridge Debt from $1,000,000.

6 – 7 – 12

GSP has identified a regional bank funding asset reposition loans from $1,000,000 to $10,000,000. The program will fill a significant void for California commercial and multifamily assets, as this level of bridge debt is sorely under-capitalized. Non-recourse financing is available, although a repayment guarantee will be required for assets below break-even cash flow at funding. All major property types will be considered, including hospitality. Loan-To-Value can go up to 75% for multifamily and 65% for commercial, with hotels sized to 55%. Pricing ranges from Prime plus 100 to 200 basis points. A fixed rate mini-perm may be provided upon stabilization.

National Bridge to Perm

Mezzanine Debt: Stabilized or Bridge/Reposition Assets

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Small Loan Bridge Debt from $1,000,000.

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