Tighter Spreads on Bridge Debt for Transitional Assets

GSP is originating bridge loans $25,000,000 and up for a balance sheet lender starting at LIBOR plus 3.50%, up to 80% LTV for multifamily, retail, industrial, office, and hospitality.  The lender will focus on value add transitional assets with sponsors with a proven track record.  Transitional assets located in good locations in primary and secondary markets throughout the U.S. will be considered.