Story Bridge Debt

Another Debt Fund is expanding their platform accepting higher risk transactions in favor of a more favorable return. Non-recourse debt will be considered to 80% of total capitalization on LIBOR based debt with coupons from 6.0% to 7.5%. The three year term is interest only for core plus hospitality products. Some cash flow is required at funding although an interest reserve can be structured for sub-1.0 coverage. All major and secondary markets and select tertiary markets are considered for loan requests over $10,000,000.